justacryptotrader123

Cardano is setting up for a potentially perfect trade

BITTREX:ADAUSDT   Cardano / Tether
Look at the RSI & the price movement, it's likely that ADA will fall and retest the previous support. And the biggest support that I believe Ada will not break is the range between 0.034$ - 0.036$. After that Ada will form a "Cup and handle" pattern. If it rises up to retest the neckline, it will then form the "inverted Head and Shoulder", both are very strong reversal patterns with a same target at around 0.06$, so it's almost a 80% profit for a super safe trade.

So how to play this one:

- layer your buys below 0.036$
- Take profit at above 0.06$
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.