juanmatt2

ADA Long entry point

Long
BINANCE:ADAUSDT   Cardano / TetherUS
ADa already has :
- Fundamentals to support it,(staking soon available)
- Macro economic indirect fundamentals: USD devaluation due to inflation
- has correlations ( BTC breaking 10k)

Now I'm finding ideal entry point based on:
- Volume zone
- Volume profile
- Trendline
- Fibonacci double retracement

Comments

Just a question. As it seems you are primarily targeting this setup based on volume, why have you chosen chart your patterns and targets disregarding the wicks of candles that appear to be some of the highest volume in ADA history?

I know normally without the volume I would also disregard these wicks as an abnormality in the trading pattern, but with this amount of volume when I was ADA I felt I was unable to disregard them due to the volume.

What gives you this confidence specifically on the wicks from 8/1/2020 with the significant amount of volume?
Reply
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