TradingView
ForecastCity_World
Jan 16, 2022 1:15 PM

💡Don't miss the great buy opportunity in ADAUSD @Cardano Long

BINANCE:ADAUSD240
Cardano / US DollarBinance

Description

⋅
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.308).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. ADAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71.

Take Profits:
TP1= @ 1.405
TP2= @ 1.489
TP3= @ 1.587
TP4= @ 1.747
TP5= @ 1.904

SL= Break below S2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?

Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsADAUSDadausdadausdlongcardano
Comments
DenizKilicDeniz
⋅
Clear analysis.👍 Your charts are always nicely done.
ForecastCity_World
⋅
@DenizKilicDeniz, Thank you! We appreciate your comment.
Lizabet
⋅
Looks like a possible scenario. Thanks for sharing
ForecastCity_World
⋅
@Lizabet, Thank you! We appreciate your comment.
CryptoWhaleKriva
⋅
what does s2 means? sir.. what is the value for stop loss?
ForecastCity_World
⋅
@krivadna,
S2 is the second support.
It's clear on the chart => SL: break below 1.22.
And it's written in the description: SL= Break below S2
More