ADAUSDT
Thoughts
An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation).
Here are some sample thoughts for those who want to enter a position on futures:
ADA long
Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line)
🔘Position addition: 0.4005
Shoulder: 5-10X
🟢Take-Profit: 0.4960 - 0.5552
🚫Stop: 0.3736
Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -...
If you like the idea, don't forget to subscribe and rate like👍
Thoughts
An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation).
Here are some sample thoughts for those who want to enter a position on futures:
ADA long
Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line)
🔘Position addition: 0.4005
Shoulder: 5-10X
🟢Take-Profit: 0.4960 - 0.5552
🚫Stop: 0.3736
Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -...
If you like the idea, don't forget to subscribe and rate like👍
Trade closed manually:
ADAUSD
Update
The inverted Head and Shoulders pattern did not work after breaking through the right shoulder line. The price failed to give momentum and immediately began to roll back down.
There was an elongation of the right shoulder, which may well mean the destruction of this structure. At the moment, it makes sense to close the deal, because the situation is absolutely not clear.
Update
The inverted Head and Shoulders pattern did not work after breaking through the right shoulder line. The price failed to give momentum and immediately began to roll back down.
There was an elongation of the right shoulder, which may well mean the destruction of this structure. At the moment, it makes sense to close the deal, because the situation is absolutely not clear.