ADA:BTC breaking out of long term Inverse H&S pattern LONG BULL
Updated
Just a quick one, I'm not going into the fundamentals because I think most of you are fully aware of the current bullishness of the market and the caliber of Cardano. I just wanted to point out the formation of this massive Head & Shoulders pattern that started forming in Jul 2018.
Wait for the the breakout & confirmation. It should do a quick 100% Vs. BTC once it does. Check the chart linked below for a deeper look at my thoughts on Alts Vs. BTC... Like & sub!
1st Target: .00002900 BTC (+100%)
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Wait for the the breakout & confirmation. It should do a quick 100% Vs. BTC once it does. Check the chart linked below for a deeper look at my thoughts on Alts Vs. BTC... Like & sub!
1st Target: .00002900 BTC (+100%)
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Note
Beautiful breakout and retest of neckline. If this daily candle closes here...It's the perfect entry...
Trade closed: target reached
Boom target hit!
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