Cardano is finally near one of our reversal zone. We're currently sitting on the structure level that we bounced off previously. However, as we're expecting one more Bitcoin SHORTS, it is likely that Cardano may drop once more - to the 0.70 level where we have multiple fibonacci confluence. We can see that we're in a 5 wave impulsive move down and currently in the fifth wave. Fibonacci extension suggests that the 0.70 is the reversal zone.
Trade Idea:
- Watch Bitcoin to see if we make one more move down (see linked chart)
- If Bitcoin moves lower, watch for Cardano to hit the 0.70 reversal level
- Enter when you see bullish price action
- Stops below the rejected level
- Targets: 2.4, 3, manually manage the rest
Goodluck!
Trade Idea:
- Watch Bitcoin to see if we make one more move down (see linked chart)
- If Bitcoin moves lower, watch for Cardano to hit the 0.70 reversal level
- Enter when you see bullish price action
- Stops below the rejected level
- Targets: 2.4, 3, manually manage the rest
Goodluck!
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。