ADA creating CUP & HANDLE formation after Golden Cross. Very good situation and I will considering to place a buy order, when Cardanol break above C&H neckline ( yellow line above ).
Hovewer , is important to wait for confirmation because it can breaks below and fall pretty much lower.
If up, nearest target is 3600 Satoshis. If down, nearest target can be 2770 Satoshis.
Be careful and never trade by my ideas.
If you like, leave a like :D easy peazzy.
Sincerely, Mario Emvo.
*This is not a financial advice. *Only for educational purposes.
Trade active
⋅
Comment
⋅
You can notice, that breakdown red support was neckline of sucessful previous cup and handle formation. * For education purposes.
Comment
⋅
Technically this yellow neckline was confirmed as support. Looks quite good in my opinion weekend can be some rally : - )
*Only for an educational purposes. *This is not a financial advice.
Comment
⋅
0,30$ is a psychical level so it´s little fight below. Maybe i will holder longer , this is not so bad position.
*Only for an educational purposes. *This is not a financial advice.
Trade closed manually
⋅
I took a part of my profit and look for next investment. I still own ADA.
@moreoxygen, Thank you. I still holding. It´s only technical target and often not filled to 100%. Because everybody sets sell order little lower to ensure of order sucess :) As I update, maybe I will hold longer because of good position . That target is only 1st and nearest. I dont need small % profit. I am more longer or middle term, than daytrader. But everybody can sell as they want & need : ) ADA pierced 3 cents, which was nice swing-trade profit.
*This is not a financial advice.
EmVi
⋅
@EmVi, * ADA reached 0,30$ , not 3 cents . Sorry mistake.
moreoxygen
⋅
@EmVi, nice thanks for the reply. Do you think there's a bigger cup and handle on the daily at play here?
EmVi
⋅
@moreoxygen, In my opinion it appears like that. But it´s not complete yet. That buy area will be a dip in this case, bu long term rather waiting for complete patterns and buy after confirmation. However, I am not professional. I like that picture : ) It needs to watching y follow next steps.
*This is not a financial advice.
moreoxygen
⋅
@EmVi, Gotchya! Thanks for the help and sharing your thoughts. Good luck with your trading :)
EmVi
⋅
@moreoxygen, You welcome, have a good trade too : )
ozzybozzy94
⋅
so u think we go down now or trying again when Asia will wake up ?
@ozzybozzy94, I can’t determine. ADA will test yellow neckline as support and if not break below, probably can continue higher. I am still holding without stoploss.