Cardano is below a downtrend line that is likely to cross the resistance given market conditions.
If it can cross the resistance, you can enter the trade for the specified goals (shown on the chart) and close 1/3 of the total position at each TP level. (again shown on chart)
Finally, the last target is the $ 3 price at the previous ATH, which can be reached out of the deal based on the general market conditions, or you can move your Stop Loss to the $ 2.7 point and wait for the price reaction to the $ 3 price.
Given the status of bitcoin, this ATH may not be broken at this time.
If it can cross the resistance, you can enter the trade for the specified goals (shown on the chart) and close 1/3 of the total position at each TP level. (again shown on chart)
Finally, the last target is the $ 3 price at the previous ATH, which can be reached out of the deal based on the general market conditions, or you can move your Stop Loss to the $ 2.7 point and wait for the price reaction to the $ 3 price.
Given the status of bitcoin, this ATH may not be broken at this time.
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.