Swing Trade Setup -
ADA/USD
Timeframe: 1D
Direction: Long
Leverage: None
Entry: $1.26078821
Stop Loss: $0.98112403
Potential Loss: -22.18%
Target 1: $2.77069597
Potential Profit: +119.76%
Risk/Reward Ratio - 5.4:1
Target 2: $3.06783038
Potential Profit: +143.33%
Risk/Reward Ratio - 6.46:1
Reasons to Take the Trade:
- Bullish Bat Harmonic Pattern
- PCZ Coincides with the 23.6% Fibonacci Retracement
- Superb R/R Ratios
Reasons Not to Take the Trade:
- The measured move of the symmetric triangle breakdown is $1.71801460, meaning the price of Cardano would have to decrease more than twice the amount already projected by the other active chart patterns in play. This would also be a 59% retracement from its all-time high. I consider this an unlikely sale.
- The is no edge on the oscillators and based on my judgement, I currently don't see a bullish edge in development on the daily timeframe that would coincide with the pattern completion zone.
ADA/USD
Timeframe: 1D
Direction: Long
Leverage: None
Entry: $1.26078821
Stop Loss: $0.98112403
Potential Loss: -22.18%
Target 1: $2.77069597
Potential Profit: +119.76%
Risk/Reward Ratio - 5.4:1
Target 2: $3.06783038
Potential Profit: +143.33%
Risk/Reward Ratio - 6.46:1
Reasons to Take the Trade:
- Bullish Bat Harmonic Pattern
- PCZ Coincides with the 23.6% Fibonacci Retracement
- Superb R/R Ratios
Reasons Not to Take the Trade:
- The measured move of the symmetric triangle breakdown is $1.71801460, meaning the price of Cardano would have to decrease more than twice the amount already projected by the other active chart patterns in play. This would also be a 59% retracement from its all-time high. I consider this an unlikely sale.
- The is no edge on the oscillators and based on my judgement, I currently don't see a bullish edge in development on the daily timeframe that would coincide with the pattern completion zone.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.