Will Cardano (ADAH19) Move First? (34.5% ROE)
We've been waiting on our Bitcoin (XBT) trade to move this weekend, but it looks like Cardano (ADAH19) is taking the lead this time.
I wrote an article called "Cardano Retrace Complete", it seems to have become true:
Here is also one of our active Cardano (ADABTC) trades:
1) Getting back to the chart; looking at ADAH19 closer, short term, you can see that we received one of our "buy signals" based on candlestick reading. Which is marked yellow on the chart.
2) What I call the "confirmation", is the high volume breakout above resistance, in this case EMA10 (green line) and EMA50 (magenta).
3) MACD and RSI are bullish... Time for Cardano (ADA) to move.
4) I marked the direction, target, and support/stop loss zone on the main chart. If enough support is given to this trade idea, 100 LIKEs+, I will share with you a full, and very profitable trade, for ADAH19... Your support is truly appreciated.
Thanks a lot for reading, I am hoping you were entertained with this information and can profit from it.
Namaste.
ADAH19
Cardano Retrace Completed - Reading The Signals (Learning)I was looking at Cardano (ADABTC) recently and looking at its retrace patterns, in order to come up with a trade. I wanted to do a trade that was fast and generate huge profits, so I choose ADAH19 (BitMEX).
Cardano (ADA) is pretty solid, so its price holds nicely when it retraces, great for the type of trade that I was looking for.
Now, back to the patterns, here is what I noticed in the past few weeks for how ADA retraces:
ADABTC (ADAH19 to be more specific), for the past few weeks, retraces ~17% on big up waves and ~6% on lower up waves.
The MACD goes below neutral line as well on the big up wave retrace, and remains above with the smaller ones.
The same goes for the RSI and oversold.
Here is the chart for a closer look:
Realizing that the retrace was completed (there are many other tools that can be used to reach this same conclusion), I came up with the following trade, which generated great profits in a matter of hours:
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Trade: LONG ADAH19
Leverage: 15X
Buy In: Up to 0.00001158
Time Frame: 1H
Targets:
(1) 0.00001177 -Reached
(2) 0.00001190 -Reached
(3) 0.00001200 -Reached
Stop Loss: Close 1H candle below 0.0001145
Profit Potential: 53.85% ROE
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Here are the charts for the trade:
Before
After
And that is all for today!
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Have a great week ahead.
Namaste.
ADAH19: 4 hrStopped out of a scalp long this morning and looking to possibly catch another. Pretty clean PA, looking to get in at the green levels, but keeping tight stops in case the floor gives out.
