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Chibuike_Odoh
Mar 3, 2021 8:26 PM

ADAUSDT (CARDANO) - POTENTIAL BUY ENTRY  Long

Cardano / TetherUSBinance

Description

ANALYSIS 🔎
- ADAUSDT was bounded in the descending triangle pattern.
- Price brokeout above the descending triangle's inclined resistance and retested.
- Price action is printing the inverse head and shoulders pattern.
- This is a bullish reversal pattern.
- There's an uptrend potential.

BUY ENTRY ⬆️
- Breakout above the inverse head and shoulders neckline resistance (R1).

TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).

SETUP INVALIDATION ❌
- Breakdown below the right shoulder support horizontal support level (S1).
Comments
mnabro
Ada now 1.11108
Chibuike_Odoh
@mnabro yeah the setup was invalidated
federalGear17052
it probably goes down to 0. 95
Chibuike_Odoh
DrM200x
@mnabro, lol !! for ada i have still not seen anyone producing good chart. its hitting on the levels on my chart exactly as i planned. all these moon charts have no idea what they are doing
Chibuike_Odoh
@DrM200x, congratulations
Chibuike_Odoh
@DrM200x, i don't see any ideas on your page though
DrM200x
@Chibuike_Odoh, i dont post until i am certain around 80% at least in my analysis. i don't just post anything. until then i keep learning
moemetwally
Probably safe buying in now as I really don't see ADA going anywhere but up. Thanks for analysis, lets see what happens!
Chibuike_Odoh
@moemetwally let's see how it goes
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