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$ADA/USDT 1h (Binance F.) Descending channel & wedge on support
Cardano / TetherUS PERPETUAL CONTRACT
Long
$ADA/USDT 1h (Binance F.) Descending channel & wedge on support
By TradingOn
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Updated
Jan 26, 2021
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Cheer
Cheer
Jan 26, 2021
Let's try a long with Cardano since bulls reacted well so far!
Current Price= 0.33128
Buy Entry= 0.33010 - 0.32500
Take Profit= 0.33986 | 0.35088 | 0.35891
Stop Loss= 0.31932
Risk/Reward= 1:1.5 | 1:2.83 | 1:3.81
Expected Profit= +15.04% | +28.48% | +38.28%
Possible Loss= -10.04%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 120h
Jan 26, 2021
Trade closed: target reached
TP1 reached with +15.04% (4x) and 1.5R
Cardano made it after all, let's take some profit and wait for higher targets with SL at 2nd entry!
ADA
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cardano
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