Will take advantage of small dips to buy while we are above the trend line. If the line is broken will look to sell, probably following an initial re-trace back to the line.
Just looking at two possible entry points for Cardano.
Looks as though the USD sellers need a break so this is a possible scenario
Unless we see significant drops in related 'anti fiat' markets (gold, silver and equities) this is a likely scenario IMO. What do you think?
After breaking the descending parallel channel BTC may bounce using the channel as support
Looking to short over next couple of weeks
My bias is long but this could go either way depending on whether this breaks out on the upside or downside.
Weekly chart shows shooting star, chance to sell to 106.5
If the trend line is broken on the 4H chart target is 0.449
Keep SL below purple trend line. R/R is 3:1
Looks like a good place to buy. Can increase SL as this moves up with pink trend line as support. RSI currently high so may look for a dip back to trend line and confirmed support before entering.
Awaiting confirmation of buy signal on short term time frames.
A buy idea if price movement confirms bullish move (box 1). If successful and a break above the channel occurs, buy again upon return to channel (box 2). This is just an idea, not trading advice.
Just for fun. NZDUSD could correct back to the highlighted channel before falling to a lower low