Liquidity has been build up and taken, market is ready to continue with down trend
Overall trend of the price is DOWN . Price has fallen down from descending triangle(orange) and has made fake breakout of the daily key level. Price was rejected at this level, we can also see bullish divergence (green) at this point. These two things strongly indicates that price should go up. Since overall trend is bearish it's risky to open long position. We...
We can see strong resistance at orange line. Waiting for the false breakout or bounce.
If we continue with correction these(green areas) are possible points of turn. Something similar happened before huge bullrun in 2017. These positions could provide some nice stop loss targets on fib. levels with high reward opportunity. If we stay above 250 this will idea is not valid.
We have nice cup formation, as well as trend-line crossing. Breakout might happen in next few days.
Going long on Cardano we can see nice traingle crossing forming alongside with very nice ABCD pattern. I think that If we break 0.236 Fib. (0.00000841) we cool :). Also Cardano seems to by very nice altcoin with some solid background, looking forward to see results! Long: 0.00000825 StopLoss: 0.00000825 Target 1: 0.00001000 Target 2: 0.00001266 Target 3: Mooooon!