Cardano: potential inverse head and shoulder. Update
Hello Traders,
Looking at 4 hour chart we see a good bounce at EMA 200, and looking to complete inverse head and shoulder pattern.
Somewhere around 2100-2300 satoshi is a good entry point.
Looking at RSI, there is still a plenty room to grow, and Stoch RSI will intersect in near future.
If you are short-term trader, this is a good opportunity to earn quick 10% if Cardano completes this inverse head and shoulder pattern.
If you are looking for long-term trading, 3100-3300 will my first target (40-50% profit).
Happy trading!
Looking at 4 hour chart we see a good bounce at EMA 200, and looking to complete inverse head and shoulder pattern.
Somewhere around 2100-2300 satoshi is a good entry point.
Looking at RSI, there is still a plenty room to grow, and Stoch RSI will intersect in near future.
If you are short-term trader, this is a good opportunity to earn quick 10% if Cardano completes this inverse head and shoulder pattern.
If you are looking for long-term trading, 3100-3300 will my first target (40-50% profit).
Happy trading!
Trade active:
Bitcoin will bounce at $8500 level. The potential reversal in next few hours. If Bitcoin reversal does not pursue, next support level for Cardano is at around 2140 Satoshi.
Trade active:
Good entry level now.
Comment:
Bounced at 50% Fibonacci level.
