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ragle

ADA/USD

Cardano (BINANCE:ADAUSD)  
ragle Updated   
BINANCE:ADAUSD   Cardano
Trend Analysis Technical Indicators Chart Patterns ADA Cryptocurrency crypto
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trendanalysis indicator chartpattern ada cryptocurrency crypto
Bullish div on the H4 RSI with a breakout through downtrend resistance on the PA. H4 ADX & DI turning the corner with a bullish cross.

D1 Stoch RSI just bottomed out, D1 Money Flow Index approaching bottom, expect to see green here imminently.

Validation on breakout from the triangle, targets in green.

Tight S/L just below the 0.5 retrace, with a rebuy on a bounce at or just above the 09/23 swing low at $0.075.
Comment:
Zooming in a bit, looking at this downtrend breakout from two perspectives (wick tops and most touchpoints) we see a little uncertainty at each chance to flip the downtrend as support.

snapshot

Risky to open a trade here without using a breakout from the triangle (ideally flipping it as support) as validation!
Comment:
Rejected at the .382 retrace. Volume is picking up, though. This is probably going to move.

snapshot
Comment:
Pushed through the .382 and stopped at the downtrend. Getting close.

snapshot
Comment:
Got the breakout we wanted. Small retrace is imminent. Will be opening a position here shortly.

snapshot
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