Goodmorning Folks,
Recently I have been watching the beautiful chart of Cardano/USDT.
As beautiful as Technical analysis is it is still very hard for people to keep it simple.
For me I have system defined for myself as a trend trader.
So I use trend trading indicators/oscillators & I look for patterns & I look in to bars.
What is your system?
The big picture is we go up.
I have drawn a wedge and in this wedge at the end I see we operate in de descending triangle .
More often than not (statistically proven) a descending triangle breaks out downwards. But there is a good probability that this will not happen and we will break out upwards.
See the beauty of the Market.
RSI = 43
ADX= 25
DMI+= 9
DMI-=21.5
Just keep your attention on the coming days and wait patiently for a few bars to see how the price will develop.
Quote of the day;
Trade with an edge, manage risk, be consistent and keep it simple!
Recently I have been watching the beautiful chart of Cardano/USDT.
As beautiful as Technical analysis is it is still very hard for people to keep it simple.
For me I have system defined for myself as a trend trader.
So I use trend trading indicators/oscillators & I look for patterns & I look in to bars.
What is your system?
The big picture is we go up.
I have drawn a wedge and in this wedge at the end I see we operate in de descending triangle .
More often than not (statistically proven) a descending triangle breaks out downwards. But there is a good probability that this will not happen and we will break out upwards.
See the beauty of the Market.
RSI = 43
ADX= 25
DMI+= 9
DMI-=21.5
Just keep your attention on the coming days and wait patiently for a few bars to see how the price will develop.
Quote of the day;
Trade with an edge, manage risk, be consistent and keep it simple!