CardanoLong
Low Volume leaving Bullish Path for ADA (Watch cautiously!)
Aside from wicks (due to average of multiple exchanges) descending triangle forming with volume/price divergence leaving low price open for large movement. Could go either way.
Keep an eye on key fib levels marked in chart.
Wait until break out of descending triangle and above 0.382 fib before entering buy $2.55 to confirm the breakout is not false to liquidate longs.
Take Profit Levels:
TP1: 10% @ $2.94
TP 2: 40% @ $3.25
If price begins to turn around at $3.64, take remaining profit, buy back in at lower fib level ($2.75 - $2.95).
If price continues to higher fib levels, take profits at levels depending on where you bought in.
Try not to sell for a loss ever.
Don't get greedy, better to take a 200% increase than hold out for 300% increase that might not happen.
As always, charting is dependent on supply and demand, as well as the happenings of the market at large.
Thankfully, ADA is finally in the Top 3 🥂 As such, while BTC & ETH price may alter it, it will move based on it's own TA and supply/demand curve.
Thank you.
Please like, share, subscribe if you found this helpful.
Post any questions in comments, I'm more than happy to help.
Keep an eye on key fib levels marked in chart.
Wait until break out of descending triangle and above 0.382 fib before entering buy $2.55 to confirm the breakout is not false to liquidate longs.
Take Profit Levels:
TP1: 10% @ $2.94
TP 2: 40% @ $3.25
If price begins to turn around at $3.64, take remaining profit, buy back in at lower fib level ($2.75 - $2.95).
If price continues to higher fib levels, take profits at levels depending on where you bought in.
Try not to sell for a loss ever.
Don't get greedy, better to take a 200% increase than hold out for 300% increase that might not happen.
As always, charting is dependent on supply and demand, as well as the happenings of the market at large.
Thankfully, ADA is finally in the Top 3 🥂 As such, while BTC & ETH price may alter it, it will move based on it's own TA and supply/demand curve.
Thank you.
Please like, share, subscribe if you found this helpful.
Post any questions in comments, I'm more than happy to help.
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