ADA/USD: Fibonacci entry 0.382%

In the morning in my Ethereum trade, I send a message in the commentbox that I want to add a long position in Cardano.

So, I want to show you what happen in this technical analysis.

As I share my weekly and monthly analsyis, it's considered a bullish momentum. Right now, in H4 Cardano make support above of the 0.382% of Fibonacci level without using resistance or support.

Also, I want to share my Daily analysis here as I have some information in that. As we forming a bullish rising wedge. This it's a bullish pattern, but now, I want to still pending in the EMA 200 to know what will be the reaction. If Cardano break up the EMA 200 around of $1.26 USD. This it's a clear signal that bull return to the trend. In otherwise, if doesn't break up the EMA 200. This could to work like resistance.

So guys, from H4 timeframe it's bullish. I'm bullish in Cardano. Now, As I entry in the early around $1.126 USD. And I put my SL to $1.05 USD and also, I PUT my target to $1.26 USD So guys, this trade has a risk/benefit 1:2.

Good luck!!!!

Comment:

We're in profit in Cardano.

So, we're so near to hit our target to $1.26 USD. Please, put your Break Even to $1.15 USD. We don't going to have loss in case that Cardano return to down.

Bug we're in profits!!!

Break Even: $1.15 USD

Comment:

We're in profit in Cardano, but maybe, I thinking that ADA could to go back, for that, please move the break even to $1.08 USD, as I move it now.

Comment:

In H4 it's look a possible conoslidation insurely