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Cardano Trade - 05/09/2021

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Hello everyone

As we discussed in the previous analysis, the price of cardano had formed a rising wedge patterm, and it had broken the support of the pattern. As I mentioned, I was expecting a retracement to the 0.618 fibonacci level to position myself short to the -0.272 fibionacci level.

You can leave your opinion below, thanks

Trader Dark Eyes

Sell Cardano:

Entry price: 2.942

Take profit: 2.737

Stop loss: 2.974

Risk / Reward: 6.41

Information about the chart:

White line: TF 1D

Yellow Line: TF 12H

Gray Line: TF 4H

Blue arrow: Possible projection

Horizontal white line: Supports and resistance

Red line: Channels and patterns

注释

previous analysis