ADA - Don't miss this beautiful trade

BINANCE:ADABTC   Cardano / Bitcoin
ADABTC is looking good and it wants to get through that strong weekly level. As you can see price tested that red line too many times for the past 4 months.

Simple rule: the more we test it, the weaker it become.

So now that we have a nice green candle, we want price to close above the weekly and we will simply wait for the price to retrace and take a long at the weekly level which is at 535 (conservative approach).

If you are an aggressive trader, you can long now and sell at 600.

Don't miss this one, it's a high probability trade.

If you like my simple way of trading, please comment "I like it" and follow me!

Have a wonderful day traders,
And give me some love,

Thank you!


It's a nice set up, Daily rejections, would have to wait for this weeks candle to close above resistance to be confirmed.
@livmac7, Yes, that's the conservative approach that I will be taking! Although if you are an aggressive trader you can take this trade because it's showing strength. Look at this hidden bullish divergence

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out