Cardano (ADAU19) just broke out of a descending channel and it is now showing increasing volume and a break above EMA10 on this timeframe.
A close above this level, EMA10, and it's the turn for the bulls to move the price.
After a double bottom, signs are showing that ADAU19 wants to move up.
Targets and stop-loss are marked on the chart
This is not financial...
Cardano (ADAU19) is moving passively above resistance (EMA5, EMA10, and EMA50), and if it can close above 0.00000582, we have big chances of a move up...
The RSI is on the bullish zone.
The MACD is basically neutral but leaning more towards the bulls.
Targets are clearly marked on the chart.
Make sure to use a stop-loss if you decide to trade.
THIS IS NOT...
Nice fractal on ADA, enter the trade on a slight pullback with a support area under it, to make sure your risk reward is on point.
Be carefull, because a crazy down move on Bitcoin can make it all invalid.
I took a trade here ok Cardano. Rejected at the 4hr 20ma, as well as declining volume.
Signal Type: Regular (Short)
Entry Zone: 456-465
Take-Profit Targets: 452-425-400-375-350
Stop Targets: 480
ADA/BTC long scalp
MACD oversold curling upwards **already crossed bullish**
.618 area hit for downtrend and bounced
looking for a pullback but unsure of bullish trend continuation.
The lions Den
Going for a green day from here.
I think the smartest move would be waiting for a break of 472.
If that doesn't happen then just do nothing, I'll update this later.
Safest stop is 449
If you feel frisky and risky you can go for 460.
I'm expecting BTC above 11600 in the next 4h.
Took a 5x trade on Cardano here. Technically on the 1hr & 4hr chart look bullish, and with btc dominance in a rising wedge, and btc breaking down from it's rising wedge, pretty good chance we will see 9.85k which might allow some profits here on this trade.
Above all else, the most important parts of trading are risk management and protection of capital. Without...