$ADA/USDT 6h (Binance Futures) Broadening wedge near breakout
Updated
Cardano swing, expecting a breakout soon!
Current Price= 0.30278
Buy Entry= 0.30226 - 0.28522
Take Profit= 0.34180 | 0.38067 | 0.43637
Stop Loss= 0.25958
Risk/Reward= 1:1.5 | 1:2.68 | 1:4.37
Expected Profit= +16.85% | +30.13% | +49.18%
Possible Loss= -11.26%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 240h
Current Price= 0.30278
Buy Entry= 0.30226 - 0.28522
Take Profit= 0.34180 | 0.38067 | 0.43637
Stop Loss= 0.25958
Risk/Reward= 1:1.5 | 1:2.68 | 1:4.37
Expected Profit= +16.85% | +30.13% | +49.18%
Possible Loss= -11.26%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 240h
Trade active
All entries filled on that dipCardano made the perfect move down and bounced, nice catch.
There is still that small rising wedge that is bothering me, but we are back inside it so I believe it's okay!
Trade closed: target reached
TP2 with +30.13%(1x) and 2.68RCardano went nicely up as you probably saw, right now creating a bull-flag.
Road to last target should be soon, wait for it!
Trade closed: target reached
TP3 with +49.18% (1x) and 4.37RIf you were still holding manually the prior long I send for Cardano, all targets reached now!
Related publications
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.