ADA- CARDONA ON A WEEKLY CHART 5.13.21 2017H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS ENTRY AND EXIT POINTS FOR A SWING TRADE USING RANGE BOXES AND FIBS (NO INDICATORS)
STILL ON TARGET
THE MARKET IS STILL EXPANDING AFTER A CORRECTION at THE 0.382 FIB LEVEL. VERY BULLISH ON THIS.
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ON a daily
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Comment
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Looking at the daily chart, Yes the Possibility of retracing to the 0.382 and lower retracement levels. very minor correction, it will proceed strong towards the 3rd target zone. This is just an impromptu analysis no structure being formed on the left yet. I will review it later but here is the updated chart upon reading your query.
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The possible top-up zone is after a correction
Trade closed: target reached
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I reached my Target and I am looking for a good entry for the next LONG SWING.
Trade closed: target reached
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PARTIAL CLOSE - TARGET REACHED, Waiting for correction for a TOP-UP to next TARGET AREA OF VALUE
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SORRY DELAYED POSTINGS, Had entered when It fell back to ENTRY AREA OF VALUE. HOPE MY CHART ANALYSIS WAS A GOOD GUIDE, even if I was not able to post.
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It is failing to make a new high. must correct at 618 so it will have the strength to go beyond retest level.
A measured move most likely to take place at around $1.7 (Double Bottom)
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Trade active
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Hope you guys entered the bear tail area. we are now up at 141%, time to sell partial
Trade closed: target reached
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ADA target exit reached predicted 170%. you can go greedy at a new target of 192%, but is it worth your risk?
I will wait for retracement at 30% to 70% for the next entry depending on the next price action.
SORRY DELAYED POSTINGS, Been focusing on BTC Price Action as these will affect all cryptos. Had entered when It fell back to ENTRY AREA OF VALUE. HOPE MY CHART ANALYSIS WAS A GOOD GUIDE.
CHART LEVELS are adjusted according to Market Dynamics.
hushedDingo72628
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You think it'll come down from where it is?
The_Crypto_Samurai
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@hushedDingo72628,
Looking at the daily chart, Yes the Possibility of retracing to the 0.382 and lower retracement levels. very minor correction, it will proceed strong towards the 3rd target zone. This is just an impromptu analysis no structure being formed on the left yet. I will review it later but here is the updated chart upon reading your query.
It is only a forecast based on the dynamics of the market, and its accuracy is dependent if the conditions are met. It is also dependent on your risk appetite. TARGET has been achieved and I will be looking forward to the next long swing, if and when it happens.
CHART LEVELS are adjusted according to Market Dynamics.