TradingView
HD1184K
Aug 9, 2018 3:09 PM

Cardano (ADA) Bullish Pattern, looks to be a strong buy Long

Cardano / BitcoinBinance

Description

Cardano looks very bullish right now, seems to have tested the base with the head and shoulders, now looking to break out for a 5% profit. This is a strong buy in my book, I already entered at 1834 when my limit order was filled. *My stop is 1864, so if the rally fails I can still rebuy at a cheaper price.

Buy in:
On white trendline if breakout fails, which is likely with the bullish divergence. I already bought some just in case, see note above*.

Sell target:
1963 sat level, around 4-8% gain depending on your buy in.

Thanks for viewing! I think this is one of the many good trades available today. Please leave your comments in the section below.

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My stop was filled. looking to rebuy at 1817-1820.

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Moved my buy up to 1824. 1830 seems to be support as well.

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Good entry.

Trade active

I am now long.

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Broke short term support, going to rebuy at a lower price.

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Trading plan updated.

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Long if we don't break the white line and can get above red cloud.

Trade closed: target reached

Shorted ada for good profit, close short now.
Comments
ellisgeiger
I placed buys yesterday as I saw little downside to ADA's price and did not place a stop as the price has already dropped so far. The team is amazing and they are passionate and responsible for their deliverables.
HD1184K
@ellisgeiger,

Yes, Ada is looking good on one day chart too.
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