Cardano may revisit 1.48486
February 27 was a great day for Cardano. it reached 1.48486 then retraced almost touching 50 baseline (red MA). With the current chart using daily and 1 hour timeframe, that price may be revisited and may be broken for a new all time high.
Daily time frame is my trend bias, trade Grade and Risk Reward Ratio.
TREND is uptrend as the price is above 200 baseline (white MA). It's interesting as the price stayed on the 10baseline(yellow MA) which is a good market structure. That also make this trade Grade B for me. Risk Reward is 2 which in my case, good as my minimum RR is 1.5.
Confirmation also gave buy signal and still climbing up.
Confirmation 2 is in the buy zone.
One Hour chart for entry trigger
Confirmation 2 must be in the buy zone (above zero) and RSI (green) must be above the SENTIMENT(yellow). 20 MA(red) as of this writing is above 200MA(green). If that continue, then we may see a brighter uptrend ahead and use that as our guide on this trade. I have a limit order on 1.20744.
Exit Signals?
1H Chart
- SENTIMENT go below zero level (Confirmation 2)
- 20MA go below 200MA
Daily Chart
- Sell Signal on Confirmation and histogram start moving lower
- SENTIMENT go below zero level (Confirmation 2)
========== Disclaimer ================
You should consider whether you understand how this asset work and whether you can afford to take the high risk of losing your money.
Daily time frame is my trend bias, trade Grade and Risk Reward Ratio.
TREND is uptrend as the price is above 200 baseline (white MA). It's interesting as the price stayed on the 10baseline(yellow MA) which is a good market structure. That also make this trade Grade B for me. Risk Reward is 2 which in my case, good as my minimum RR is 1.5.
Confirmation also gave buy signal and still climbing up.
Confirmation 2 is in the buy zone.
One Hour chart for entry trigger
Confirmation 2 must be in the buy zone (above zero) and RSI (green) must be above the SENTIMENT(yellow). 20 MA(red) as of this writing is above 200MA(green). If that continue, then we may see a brighter uptrend ahead and use that as our guide on this trade. I have a limit order on 1.20744.
Exit Signals?
1H Chart
- SENTIMENT go below zero level (Confirmation 2)
- 20MA go below 200MA
Daily Chart
- Sell Signal on Confirmation and histogram start moving lower
- SENTIMENT go below zero level (Confirmation 2)
========== Disclaimer ================
You should consider whether you understand how this asset work and whether you can afford to take the high risk of losing your money.
Trade active:
This trade is now active
Trade active:
1.20744 Buy Limit Order was HIT
Comment:
added 25%
Comment:
took profit 25%
Comment:
ALMOST there :) ATH
Comment:
resistance is now support.
waiting for a retest to buy
waiting for a retest to buy