ADAUSD
Cardano broke out of our 2-week rising wedge pattern but is currently testing our 2-week resistance. The technical target for our rising wedge pattern is the 2.5 dollar level. The pump is signified by our bullish divergence in the 4-hour TF. Nonetheless, depending on the movement of ETH and BTC we can either see a pump or dump. I wouldn't recommend any big trades right now. But if Cardano dumps, the best thing to do is to accumulate as usual.
Trade closed: target reached
Cardano dumped back to the 2.5 dollar level. Target Achieved as predicted! Bought some ADA using a DCA Strategy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.