simpelyfe
Long

One of the best trade setups you'll see all year.

BITTREX:ADABTC   Cardano / Bitcoin
ADABTC is above the 1D cloud (doubled Ichimoku settings) for the first time since being listed on Bittrex. There will be plenty of buying opportunities and possibly wicks to catch, but note that it wouldn’t be a terrible idea to DCA into a position as price continues to build support above the 1D kumo at the local HVN . Valid targets for potential longs would include 1800 sats which coincides with the flat portion of the kumo ( SSB ) and 2200 sats where the .786 Fibonacci retrace level meets POC . There are plenty of valid stops to consider including 1092 sats (flat kijun), bottom of the 1D kumo (~1012 sats ) or a touch below the local low (1119 sats ).

To further substantiate this trade, attached herein is a look at the 3-day Ichimoku (1x settings) showing price kissing the bottom of the cloud. A breach inside of the cloud would signal at e2e trade setup for a potential ~60% gain; target price just falling short of the Fibonacci/POC confluence mentioned above:



As far as trades with high R:R, this in my view is one that is too difficult to pass up. As such, I have bids set at intraday support levels that take up 50% of my position size in addition to a DCA strategy to scale into a long position.

Happy trades and good luck,

Sim
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