Hi dear patrons, hope you are well and welcome to the new update on Cardano (ADA).
Previously we had a nice trade of ADA coin:
Now on the 2-day time frame chart, the price action of ADA has completed the final leg of bullish Shark pattern. At this time the priceline has moved up after hitting the spike in the buying zone, it may give us another chance to catch it from this potential reversal zone. There is also 50 simple moving average support in the buying zone.
Buying and sell targets for Shark move:
Buy between: $1.04 to $0.9216
Sell between: $1.16 to $1.42
Stop loss:
The maximum extent of the potential reversal zone to $0.9216 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 54%, and a loss possibility up to 12%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Previously we had a nice trade of ADA coin:
Now on the 2-day time frame chart, the price action of ADA has completed the final leg of bullish Shark pattern. At this time the priceline has moved up after hitting the spike in the buying zone, it may give us another chance to catch it from this potential reversal zone. There is also 50 simple moving average support in the buying zone.
Buying and sell targets for Shark move:
Buy between: $1.04 to $0.9216
Sell between: $1.16 to $1.42
Stop loss:
The maximum extent of the potential reversal zone to $0.9216 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 54%, and a loss possibility up to 12%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.