Cardano / Bitcoin
Long
Updated

Optimist

642
Cardano is used to wide swings so far and getting the timing right it is always tricky. I just saw this two fibonacci levels overlapping and on this market there is no such a thing as coincidence. Targets on chart, good trades !
Note
This idea/trade is not active, has not triggered so far !
Note
Cardano is running sideways with swings about 7% under the trigger level. I think it might look for stronger pivot below current before breaking up. Also there is an expectation on the time 19h for more action, being it a look for a pivot or just breaking out !

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Trade active
Just get IN after the ADA pivot, it is a bit risk and way before the trigger level, but didn't get ALL in, just a little bit.
Note
Cardano run a very long triangle and break up but failed to set a new local high and is droping back. About to loose the MA50 on what looks like a very big, long bulltrap, I will just quit my very minor position on ADA if it stays stable below the MA50:

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Note
Back on MA50 again, looking not good:

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