ADAUSD - LONG
With all the news around Cardano last weeks I am very Bullish on Cardano
If we look at the 4 hour chart we can see we had a retracement to fibonacci 0.168
The ichimoku cloud is still very bullsih with chikou span (green line) above the price
Price is above the cloud and is green
Tenkan sen(blue line) above the cloud
Kijunsen (red line) above the cloud
Two ways you could trade this:
Long term
Stop loss under the cloud 0.96 usd
Or shorter term:
Stop loss 1.15 just under fibr. 0.168
When you like this idea please tell me in the comments. Will be appreciated
I'm not a financial adviser. Just my view on the market
If we look at the 4 hour chart we can see we had a retracement to fibonacci 0.168
The ichimoku cloud is still very bullsih with chikou span (green line) above the price
Price is above the cloud and is green
Tenkan sen(blue line) above the cloud
Kijunsen (red line) above the cloud
Two ways you could trade this:
Long term
Stop loss under the cloud 0.96 usd
Or shorter term:
Stop loss 1.15 just under fibr. 0.168
When you like this idea please tell me in the comments. Will be appreciated
I'm not a financial adviser. Just my view on the market
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.