Looking to get long from marked area with a bullish sign
There are enough reasons to sell at the marked hot spot.
After missing the entry for the bat pattern this altcoin has created a flag formation and the angle seems to be just right. It is possible to take advantage of this formation to the last high.
A intraday setup with a 35 pips first target
A medium-term short opportunity to the next daily interest level
We'll approach this setup like a trend continuation trade and aim for the last higher high.
Another extension can be expected after the exit from the flag formation
If trendline is violated it will likely to test the high which is a 11% potential
It is better to watch the price calm down and provide a price pattern for the entry at 2618 level before jumping in
Cardano is likely to stay in the zone and may provide one or two daytrading opportunities. 15m triggers can be used for entries
Main target will be the last structure high. If BTC weakens a little bit, target will be easily achiveable
Watching this tri-angle to be broken and a slight pullback to the breakout zone. 15m candle formation will be our entry
Breakout will be confirmed once price violates 19100 mark. Possible retest of the structure highs will be expected
Looking for a shorting opportunity at the ranging market after a possible breakdown of the neckline
You can watch the wedge for a possible retest of the daily level
If the price decides to go higher, there is a 2618 and ab=cd formation sitting at a little over 113 level
GBPCAD is printing inside candle after inside candle past 3 weeks. There may be a significiant burst once the contracting tri-angle violated