FrenchRandomGuy

ADA probably found a new bottom

Long
FrenchRandomGuy Mis à jour   
BINANCE:ADABTC   Cardano / Bitcoin
TradingView doesn't let me explain my point of view because they think i'm not talking english ...
Commentaire:
Cardano Daily Chart looks like a bottom. I am expecting a retracement to at least 858 sats. I am going to ladder some long order to 400 sats and wait for a break-out of the Descending Triangle to add more into my position.
Commentaire:
ADA is moving nicely to its resistance trendline. Following our idea, if the daily candle closes above the trendline, I will open a long position with a stop-loss below this trendline.

However, if ADA gets rejected here, I would likely open a short position with a tight stoploss, targeting the 400 sats area.

Transaction en cours:
ADA has been the most quiet coin to break out but it finally did.
It is currently testing back the broken triangle

Safe long here
Transaction en cours:
First Target reached for ADA
Transaction en cours:
2nd Target reached for ADA

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