CardanoShort
ADAUSD
RETEST OF THE NECKLINE
moving forward, price is currently retesting the neckline. The retest of the head and shoulders has a 20% probability, which has currently happened the targets on the price labels on the chart are still valid. More and more inverted head&shoulders are still in play on some coins.
The use of Ichimoku cloud metric on the daily time frame indicates that price is breaking the cloud resistance and will likely close inside the cloud. This will result to a trade set up called EDGE TO EDGE trade. When price closes inside the cloud, there is high probability that price will reach the upper cloud resistance. The price target still remains $0.056010 up to $0.069521.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
moving forward, price is currently retesting the neckline. The retest of the head and shoulders has a 20% probability, which has currently happened the targets on the price labels on the chart are still valid. More and more inverted head&shoulders are still in play on some coins.
The use of Ichimoku cloud metric on the daily time frame indicates that price is breaking the cloud resistance and will likely close inside the cloud. This will result to a trade set up called EDGE TO EDGE trade. When price closes inside the cloud, there is high probability that price will reach the upper cloud resistance. The price target still remains $0.056010 up to $0.069521.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
Disclaimer
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