ADA just flashed the strongest bullish signal!

Hello, everyone!

Yesterday we considered the ultimate divergences guide. Today it is time to practice! I found the very strong long signal on Cardano.

We can see on the pic that the point A is above than C on the price chart, while A is below C on the MACD lines. There was the bullish divergence at the point C. This signal played out as the pump to the point D, but the price set new lower low at point E. Point E is above than A at the MACD histogram. This triple divergence enhances the bullish signal for ADA. Moreover there is also the divergence with MACD line, this fact makes this signal even stronger. Thus I can provide for you the following trade setup:

Buy = $1.87
Stop-loss= $1.68
Target 1= $2.32
Target 2 = $2.70
Target 3= $2.90

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.

Trade active:

Stop-loss was hit by the price but on the daily chart I want to see the candle close below stop-loss to close the position. The divergence is still actual and even if the price will go below stop-loss, we will re-enter the position again.

Trade closed: stop reached:

Stop loss level was reached. We are waiting for the new reversal signal.

Trade active:

Hello, everyone!

Last time I unsuccessfully entered long position in Cardano, I made the analysis here. But the price hit my stop-loss level. I am not going to give up and found the new strong buy signal for ADA.

I told you that if you trade divergences, you should be able to exit and re-enter position if the new divergence forms. Now it is the case! If today’s MACD histogram column close decreasing in comparison with previous, this is the long signal. Moreover ADA is on the zone of interest, it is too stupid not to use this opportunity. The potential profit will cover our loss at least 3 times. Targets and stop-loss you can find on the chart.