MachiavelliTrader
Long

Cardano; Catch Cryptos in PLAY(I chase the profit not the price)

BINANCE:ADAUSDT   Cardano / TetherUS
THE PRINTER WORKS!
Hello Friends, let's catch these profits where the printers are working right now.
Cardano ( ADA ) is in Play and here is my trade setup , I will share it with you but in return, I only ask for you to like my idea to show me you would want more updates.

Pattern discovered;
Symmetric Triangle.
(I drew a midline that acts as a good resistance and support)
Trade set up
1. Enter a "long" (I am using leverage of 50x but this is no financial advice just my trade setup) trade above the high of the breakout at 0.05544.
2. Place a "stop" order below the low of the previous swing low at 0.05288
3. Target the depth of the triangle from the breakout level at 0.062860
(this idea will be in play for a while)
Comment: the current ADAUSDT pricce zone shows a posoble pullback to retest the symmetric triangle breakout point, If retest takes place but volume fails to hold, it will probably dip into the triangle but if volume remains strong the bulls could take control and we could see more pump to the upside
Comment: the current ADAUSDT price zone shows a possible pullback to retest the symmetric triangle breakout point, If retest takes place but volume fails to hold, it will probably dip into the triangle but if volume remains strong the bulls could take control and we could see more pump to the upside*
Comment: First Target 0.057 archived.
second Target is approaching

Comments

I exited @ .059.
Should have read your post prior.
What’s a good re-entry price ?
.047 possible ?
This weekend ?
+1 Reply
@dcrow66 I will have to look at it, I expect a drop@around 0.7 but volume still looks strong
Reply
Second Target archived at 0.6286
+1 Reply
MachiavelliTrader MachiavelliTrader
Reply
Second Target about to hit guys
+1 Reply
Thanks guys for liking please do comment what timeframes you would like me to update more frequently on
+1 Reply
Great call !!
+1 Reply
@ZenChill,thank you
Reply
spot on!
+1 Reply
@as1308, thank you
Reply
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