CardanoShort
ADAUSD: Cardano Structure + Gartley Pattern
The price did not make major moves last few days. However, the past few hours were really active, and the price went up and down. Those big bars indicate that both buyers and sellers are there to trade and get control of the price.
The key resistance here is at 0.33713. The price respected that level many times and it is more likely that it will do it again. Selling orders most likely are placed at resistance level. If the price goes up, then I will look for the selling order. Moreover, the Gartley pattern is formed, which increases the probability of this setup. I will patiently wait the price to hit my entry point at AB 127% fibo extention and then execute the sell order with the nice risk reward ratio.
T1- 38.2
T2 – 61.8
The key resistance here is at 0.33713. The price respected that level many times and it is more likely that it will do it again. Selling orders most likely are placed at resistance level. If the price goes up, then I will look for the selling order. Moreover, the Gartley pattern is formed, which increases the probability of this setup. I will patiently wait the price to hit my entry point at AB 127% fibo extention and then execute the sell order with the nice risk reward ratio.
T1- 38.2
T2 – 61.8
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