crypthal

ADA is forming an ascending triangle in the 4 hours

Long
crypthal Updated   
COINBASE:ADAUSD   Cardano
Cardano is nearing the end on an ascending triangle in the 4 hours, if the market announcement over the next 24hrs is dovish then we should see a break to the up side.

I would buy in any time now and target $0.49 or even $0.506, (maybe 25%/50%)

I would have a very tight stop loss around $0.46 in case we break down, (or the market is very bearish).
Trade active:
The trading was active right away ... :)
We need to get the next resistance at $0.4831 and then we should make it to 0.49c

Depending on how long it takes, I might take profit before the US markets open

I have updated my SL to around $0.477

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.