ADA/BTC 1D (Binance Spot) Falling wedge on support

4 Nov 2020

#Cardano is getting ready for reversal here since the support seems to be holding so far.
It's too early to call for a breakout, but at least a pump to wedge resistance is highly probable!
You can trade it on Spot or in Margin but be careful with liquidation price if you decide to do so...

Current Price= 0.00000673
Buy Entry= 0.00000678 - 0.00000642
Take Profit= 0.00000737 | 0.00000824 | 0.00000919
Stop Loss= 0.00000596

Risk/Reward= 1:1.2 | 1:2.56 | 1:4.05
Expected Profit= +11.67% | +24.85% | +39.24%
Possible Loss= -9.70%

Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h

5 Nov 2020

Trade aktif

All entries filled.

18 Nov 2020

Trading ditutup: stop tercapai

Stopped out with -9.70%

That's too bad because it went up +10.77% from entry first and missed target by 7 sats.
#Cardano is still sitting on wedge support and whenever Bitcoin will stabilize it will probably bounce hard!
I'll keep an eye on it and may re-enter soon if doesn't break down.