Sanjan91

CARDANO PRICE ACTION ANALYSIS

Long
Sanjan91 Mis à jour   
BINANCE:ADAUSDT.P   Cardano / TetherUS PERPETUAL CONTRACT
Cardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD.

Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support.

If the supply zone breaks, the target would be XABCD bearish crab pattern's 1.618 fib extension i.e., 3.38.

Put stop loss level at 2.47.

Happy trading :)

This is just for educational purposes.

Trade fermée manuellement:
Due to a sudden crash in the Crypto market, this setup may not work.

If the price falls back to 1.89, you can go long with 1.495 as a stoploss.

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.