Cardano / TetherUSDiupdate ADA Cardano Update.
My friends,
So much going on in crypto today.
ADA is looking bullish but must meet some key parameters in order to ascend to the 1.70 price range.
In the chart resistance can be seen in purple both horizontal and diagonal lines. These are very important as they are a perfect play for a bear trap.
I see two options for longs at the moment.
1. after horizontal resistance is broken, enter long with a SL below the purple line intersection. (This is a higher risk scenario, but with greater reward.)
2. wait for the horizontal resistance to break and play it safe.
If you are using leverage, go with option 2.
Now, lets talk shorts....
we are holding the yellow trend at the moment, if this is broken, we are looking at retesting the 1.20 range.
The money flow of the market at the moment suggests bullish momentum. This may change if we fail to break out.
Wait for the signal either way.
If you buy early, you will pay the cost and we don't trade to lose money.
keep reasonable stoploss, 25% will do.
Finally,
BE WARY OF THE AREA INSIDE THE TREND LINE/ RESISTANCE INTERSECTION. MANIPULATION IS GOING TO HAPPEN.
Stay limber my friends.
So much going on in crypto today.
ADA is looking bullish but must meet some key parameters in order to ascend to the 1.70 price range.
In the chart resistance can be seen in purple both horizontal and diagonal lines. These are very important as they are a perfect play for a bear trap.
I see two options for longs at the moment.
1. after horizontal resistance is broken, enter long with a SL below the purple line intersection. (This is a higher risk scenario, but with greater reward.)
2. wait for the horizontal resistance to break and play it safe.
If you are using leverage, go with option 2.
Now, lets talk shorts....
we are holding the yellow trend at the moment, if this is broken, we are looking at retesting the 1.20 range.
The money flow of the market at the moment suggests bullish momentum. This may change if we fail to break out.
Wait for the signal either way.
If you buy early, you will pay the cost and we don't trade to lose money.
keep reasonable stoploss, 25% will do.
Finally,
BE WARY OF THE AREA INSIDE THE TREND LINE/ RESISTANCE INTERSECTION. MANIPULATION IS GOING TO HAPPEN.
Stay limber my friends.
Catatan
This is the way.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.