Trade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD...
Trade setup : Price remains in an uptrend. Following a bearish breakout from an Ascending Triangle pattern, price pulled back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Stop Loss (SL) at $0.43. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is...
Trade setup : Price remains in an uptrend; however, following a bearish breakout from an Ascending Triangle pattern, price could pull back near $0.46 support, which could be an attractive swing entry in Uptrend with upside potential back to $0.65. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is...
Trade setup : Trading in an Ascending Triangle pattern, with $0.65 acting as triangle resistance trendline. Now we wait for price to break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait...
Trade setup : Trading in an Ascending Triangle pattern, with $0.65 acting as triangle resistance trendline. Now we wait for price to break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait...
Trade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either 1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or 2) pull back...
Trade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend. However, price got very overbought (RSI > 75) just as it reached $0.65 resistance and pulled back on some profit taking. Now we wait for price to either 1) break above $0.65 to signal continuation of Uptrend with upside potential to $0.75 next, or 2) pull back...
Cardano (ADA) technical analysis: Trade setup : Following a bullish breakout from Ascending Triangle pattern, price resumed its uptrend and broke above $0.46 key level as well. However, price is got very overbought (RSI > 80!) just as it reached that $0.60 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. If it pulls back...
Trade setup : Price is approaching $0.40-$0.42 resistance zone, trading in an Ascending Triangle pattern. We wait for price break out, which would signal continuation of uptrend, with near-term upside to $0.46. Previously, price broke above 200-day moving average ($0.30), which confirmed a bullish trend reversal to an Uptrend. Pattern : Ascending Triangle which...
Cardano (ADA) technical analysis: Trade setup : Price broke out (bearish) from trading in a Channel Up pattern and below 200-day moving average ($0.35), confirming a downtrend. However, it’s now very oversold (RSI ~ 25) and near $0.25 support, hence we could see a bounce up near term. It’s a higher risk swing trade setup since overall trend is down. Trend :...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.6461). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ADAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...