BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
2.73% risk on your stop loss if you place it where I have it now just below the 0.382 FIB. It's fine if you want to wait longer to see if you can get in lower. Up to you... Or you can spread out several orders within my stop loss price range.

360m TF:



480m TF:



720m TF:



1440m TF (Daily):

Comment: If you're patient and wait, we may get another episode of downward pressure over the next 12 hours to get a better long entry.

240m (4h) TF:

Comment: If you have not made entry yet, it's probably not a bad idea to break up what your willing to trade in this pair (ADAUSDT) into thirds (3rd's). Maybe one third for entries scattered around within the RED of my stop loss. Then save another third in case we go below it to the 0.236 FIB. The final third can be saved for obvious reversal to upside pressure. I think that reversal to upside pressure may be obvious between November 18th and 20th.

Comment: WOW!!! I was expecting more downward pressure over the next 12 hours "as previous mentioned" but I wasn't expecting THAT much of a drop. Geeez...

Well, those who implemented the stop loss were able to capitalize on this by getting in much lower I hope.

Those who used the "Breaking Up into Thirds Strategy" were also able to use their second 3rd to get in at lower prices. Now you can use the final 3rd for the run up.

I was expecting a shakeout before a run up. But WOW, they REALLY did a shakeout for reals here. ; )
Comment: A potential bounce soon (when looking at the 480m (8h) TF). It may occur on the next 8h Candle or the one afterward.



5h TF:



Daily TF:

Thank you for this piece of analysis. We can see a bottom at 0.0600:

+1 Reply
ProwdClown InvestingScope
@InvestingScope,

You're welcome! However, I was honestly surprised to see us go down as low as we did. I was expecting more downward pressure over the next 12 hours (as previously mentioned before I went to sleep). I was VERY surprised to see how much we fell (due to that downward pressure) after I woke up.
Reply
im assuming that you're already out of this one by your stop
Reply
ProwdClown dream300zx
@dream300zx,

No, I bought in low prices similar to price now back in September. I simply recommended breaking it up into 3rds for those not interested in the Stop Loss but for "investing."
Reply
ProwdClown dream300zx
@dream300zx,

Those who did the stop loss actually got the chance to make entry lower.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out