jojofang0901

Cardano Look for strong bullish continuation price action

Long
BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)


Hello everyone:

Cardano has always been on my watchlist for the next bullish move.

We can see a strong higher time frame bullish impulsive phase, and now the price is in this larger correction.

Latest price action continue to correct, and now formed a double bottoms within the correction then impulse up.

These are great price action from a multi-time frame perspective.
I would wait and see if price can break out of the HTF correction,
and look for LTF continuation correction to get in more.

Thank you
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Comment:
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Comments

ADA @ 10$!!!!
+6 Reply
@deepanp let’s see :)
+1 Reply
looking forward long terms
+1 Reply
deepanp jojofang0901
@jojofang0901, Maybe a long
Reply
Thank you! would you say it's a good time to buy ADA? ( sorry, I am still trying to understand graphs and terminology.. )
+4 Reply
@krpople if it fits your plan and management :) I am simply breaking down the overall move and since everyone trading style and strategies are different, so it’s based to have a good risk management plan to enter and set SL etc. personally would be nice to wait for a correction now that it got me out of the HTF structure
Reply
Interesting ! Thanks for sharing!
+4 Reply
jojofang0901 kennypilanski
@kennypilanski, no problem glad to do so
+1 Reply
thanks a lot for this full detailed analysis
+4 Reply
jojofang0901 MMBTtrader
@MMBTtrader, thank you bud your welcome :)
+1 Reply
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