Hi everyone, just quick update for Cardano, it looks like that cardano holds 0.618 (1.81usdt) fibo support nicely and is ready for its next upward movement. Target price according to fibo extension would be at 1.618 which is around 3.918usdt. Basically I am using fibo retracement for finding support and fibo extension for finding next target zone and also basic trend lines can help.
As you can see I am using indicators by Mr. David Ward Jr., but I dont understand his method that much yet. So as we can see that red RSI and blue LSMA are closely at level 50, white energy needs to turn back up and close above level 50. But firstly we need to green going up above level 50 and close. When red rsi and blue LSMA both above 50 crossed with green while green goin up indicates upward pressure. But according to Mr. Ward we need to watch lower time frames to see if upward is really happening. Lower time frames need to win the race against the higher time frames. Also BB bands are contracting which indicates some big movement ahead of us!
I certainly recommend to everyone to follow and watch content from Mr. Ward, there is really a lot what you can learn. His content is all about high level of expertise so there is no better place to learn about trading.
PS: Always remeber, wait for confirmation! Feel free to comment and share you opinion! I am still learning so your opinion is welcomed!
Happy trading to everyone!
Not Responsible for actions of others based on my opinions.
As you can see I am using indicators by Mr. David Ward Jr., but I dont understand his method that much yet. So as we can see that red RSI and blue LSMA are closely at level 50, white energy needs to turn back up and close above level 50. But firstly we need to green going up above level 50 and close. When red rsi and blue LSMA both above 50 crossed with green while green goin up indicates upward pressure. But according to Mr. Ward we need to watch lower time frames to see if upward is really happening. Lower time frames need to win the race against the higher time frames. Also BB bands are contracting which indicates some big movement ahead of us!
I certainly recommend to everyone to follow and watch content from Mr. Ward, there is really a lot what you can learn. His content is all about high level of expertise so there is no better place to learn about trading.
PS: Always remeber, wait for confirmation! Feel free to comment and share you opinion! I am still learning so your opinion is welcomed!
Happy trading to everyone!
Not Responsible for actions of others based on my opinions.