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Chibuike_Odoh
Mar 9, 2021 8:31 AM

ADAUSDT (CARDANO) - BUY ENTRY  做倚

Cardano / TetherUSBinance

描述

β‹…
ANALYSIS πŸ”Ž
- ADAUSDT was bounded in the falling wedge (FW) pattern.
- Price brokeout above the falling wedge's resistance as expected.
- The market retraced for a retest of the falling wedge's resistance and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- Price action is printing a symmetrical triangle (ST) pattern.
- Breakout above this pattern could be a bullish signal.

BUY ENTRY ⬆️
- Conservative : breakout above the symmetrical triangle's inclined resistance.
- Aggressive : market price.

TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
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