TradingOn

$ADA/BTC 1D (Binance Margin) Triangle facing resistance

Short
BINANCE:ADABTC   Cardano / Bitcoin
Cardano is retesting 50MA and does not look strong enough to break it, could reverse after a last impulse.

Current Price=0.00004058
Sell Entry = 0.00004190 - 0.00004440
Take Profit= 0.00003758 | 0.00003465 | 0.00003100 | 0.00002651
Stop Loss= 0.00004745

Risk/Reward= 1:1.3 | 1:1.98 | 1:2.83 | 1:3.87
Expected Profit= +25.82% | +39.40% | +56.32% | +77.12%
Possible Loss= -19.94%

Fib. Retracement= 0.382 | 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2.5 months

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.