ADAUSDT - Great point to buy in a triangle!/Trading strategy
ADAUSDT4H trend chart
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Since ADA hit ATH on 9/2, it gets a lot of correction and keeps consolidating as a triangle formation.
It is approaching to the end of this triangle.
So if price can break out the upper downtrend line, it's a nice timing to open position.
Trading strategy as below.
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Profit Targets:
a) 2.4587----Fib(0.618)
b) 2.7980----Fib(1)
c) 3.0396~3.1373-----Fib(1.272~1.382)
Stop losses:
a) 2.0718-----Red horizontal line
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Note
Keeps consolidating and converging
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🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
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💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
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→Join Teaching Group for free!(PM me)
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.