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ADABNB

Cardano (ADA/USD) is ready for a Breakout! Here's the target:Cardano rides a powerful and well defined Bullish pattern since mid December, it's been consolidating for a while and lost a bit of pace compared with ETH and others, but the overall technical setup looks really strong at this point. The Main resistance is around $0.10 and the projected target of a breakout sets at $0.175 using semi-log scale and a classic range projection. Short term support near $0.075 (using the ascending trendline, already with several contacts which reinforces it's strength), a few other references on the downside but the main mid-term support level sits at $0.057 and only then the Bull case can be put at risk. The recent triangulation makes me think that a breakout is about to happen... Strategy: - Given the proximity of the support, the current price range below $0.10 looks like a great entry point for long positions in anticipation of an upside breakout, the risk/reward ration pays off, given the midterm target of $0.175 in case of breakout. - Short term trading should keep the support/resistance levels in mind, but I wouldn't risk not having Cardano on my pocket. - Anyone already holding Cardano shouldn't have reasons to be worried while the ascending channel is preserved, even if in a negative scenario there's still room on the downside to keep the bullish case untouched.
BINANCE:ADAUSDLong
by CoinsOnFire
There is a possibility for the beginning of an uptrend in ADABNBTechnical analysis: . CARDANO/BINACECOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Trade Setup: We opened 9 BUY trade(s) @ 0.00773 based on 'Hammer' entry method at 11.16.2018. Beginning of entry zone (0.00740) Ending of entry zone (0.00670) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00880 TP2= @ 0.01020 TP3= @ 0.01140 TP4= @ 0.01440 TP5= @ 0.01675 TP6= @ 0.01915 TP7= @ 0.02250 TP8= @ 0.02685 TP9= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in ADABNBTechnical analysis: . CARDANO/BINACECOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Trade Setup: We opened 9 BUY trade(s) @ 0.00773 based on 'Hammer' entry method at 11.16.2018. Beginning of entry zone (0.00740) Ending of entry zone (0.00670) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00880 TP2= @ 0.01020 TP3= @ 0.01140 TP4= @ 0.01440 TP5= @ 0.01675 TP6= @ 0.01915 TP7= @ 0.02250 TP8= @ 0.02685 TP9= Free
Long
by ForecastCity
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