TradingView
StoeanStefanCosmin
Jan 7, 2018 12:07 PM

Cardano - Bitcoin Long

Cardano / BitcoinBittrex

Description

First of all I want to say : the chart may be affected by major changes in to the Bitcoin price .

The best moment to enter on this transaction will be on the last corection from the Elliott Waves C or you can enter from the 0.618 Fibonacci .

For a short term target you can take a good profit on the 0.786 or 1.0 Fibonacci .

For a long term you can wait the 1.272 the perfect target for all the players , as we already know Cardano it is a very big project that will hit the sky this year .

Comment

I forgot to say : 1,2,3,4,5 is from the Elliott Wave and A,B,C is the correction
Comments
brumaruandrei97
But if C is reached ,isn`t that a head and shoulders pattern?
StoeanStefanCosmin
@brumaruandrei97, you are right , but is hard to believe the price will respect this head and shoulder , that means to return the price around $0.40 or less . In the market we have a big interest to buy Cardano
More