Cardano Trade - 05/09/2021
Updated
Hello everyone
As we discussed in the previous analysis, the price of cardano had formed a rising wedge patterm, and it had broken the support of the pattern. As I mentioned, I was expecting a retracement to the 0.618 fibonacci level to position myself short to the -0.272 fibionacci level.
You can leave your opinion below, thanks
Trader Dark Eyes
Sell Cardano:
Entry price: 2.942
Take profit: 2.737
Stop loss: 2.974
Risk / Reward: 6.41
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
As we discussed in the previous analysis, the price of cardano had formed a rising wedge patterm, and it had broken the support of the pattern. As I mentioned, I was expecting a retracement to the 0.618 fibonacci level to position myself short to the -0.272 fibionacci level.
You can leave your opinion below, thanks
Trader Dark Eyes
Sell Cardano:
Entry price: 2.942
Take profit: 2.737
Stop loss: 2.974
Risk / Reward: 6.41
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
Comment
previous analysis 
Comment
ADAUST + 4.11%
Comment
ADAUSDT + 4.37 %
Comment
ADAUSDT TAKE PROFIT + 6.97%
Trade closed: target reached
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