Cardano: potential inverse head and shoulder
Hello Traders,
Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC).
I would expect it to dip and find EMA50 line as a new support.
Good entry point is around 2200-2300 satoshi range.
Cardano is a very promising project and tackles many problems in blockchain technology.
If you are short-term trader, I would cash out around 3800 satoshi (70% profit).
Personally, I would buy it at the dip and wait until it reaches to $1. (450% profit)
Happy trading!
Looking at the 4 hour chart, we see that inverse head and shoulder pattern is taking place for Cardano (ADABTC).
I would expect it to dip and find EMA50 line as a new support.
Good entry point is around 2200-2300 satoshi range.
Cardano is a very promising project and tackles many problems in blockchain technology.
If you are short-term trader, I would cash out around 3800 satoshi (70% profit).
Personally, I would buy it at the dip and wait until it reaches to $1. (450% profit)
Happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.