IvanLabrie

ADAUSD: Weekly uptrend signal

Long
KRAKEN:ADAUSD   ADA / USD
$ADA is in an active uptrend here, as many alts are. Upside is significant, but do your due diligence on whether to buy this particular coin over another. Perhaps a market cap weighted basket approach is better for alts, as long as the resulting index has a bullish trend ...Just an idea here, whatever you do, make sure you understand what your max loss is if the trade is invalidated with a drop a tad under this week's range. You will need to learn how to read price action as it develops, to trade these patterns effectively, initially you can follow my forecasts and aim to sell once targets and time forecasts are exhausted.

Cheers,

Ivan Labrie.
Trade active: Hit the buy zone today.
Trade closed manually: Sluggish here, definitely under performing BTC.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading

Comments

Good perspective, especially the indictors matching here.
+2 Reply
IvanLabrie VincePrince
@VincePrince, thanks a best of luck with your trade!
Reply
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