Hi dear patrons, hope you are well and welcome to the new update on Cardano.
The price action of ADA may complete the final leg of the bullish BAT pattern on a 12-hour time frame chart. The 100 simple moving average is also moving up to provide support to the priceline of Cardano.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $1.0894 to $1.0406
Sell between: $1.2057 to $1.3804
Stop loss:
The maximum extent of potential reversal zone $1.0406 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 32.5% and the loss possibility is 5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
The price action of ADA may complete the final leg of the bullish BAT pattern on a 12-hour time frame chart. The 100 simple moving average is also moving up to provide support to the priceline of Cardano.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: $1.0894 to $1.0406
Sell between: $1.2057 to $1.3804
Stop loss:
The maximum extent of potential reversal zone $1.0406 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 32.5% and the loss possibility is 5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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