ninjabenja

Cardano (ADA) Nearing Bullish Gartley Completion

Long
ninjabenja Updated   
BITTREX:ADABTC   Cardano / Bitcoin
Since I haven't been following or trading Cardano for some time, I have no fundamental data to chase the technicals here. Trade is based on raw pattern identification. Typically I would say to place stops below X, but in this instance it might make the R/R unfavorable for the trade, so use your best judgement based on support levels. For more information on what the Gartley Advanced Pattern is and/or how to trade it, see below. In a two target set up, PRZs are identified on the chart. Best of luck!

https://www.tradingview.com/education/gartleypattern/
Order cancelled:
This trade has languished, failing to reach even our first target at .382. At this point I couldn't claim any future movement at having correlation with the trade pattern. For that reason I'm calling this one a dud and closing the trade. Will look for another entry once we have more volatility and hopefully, another pattern.

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.