BaghdaddyKane

ADA/USD (Maybe we're jumping the gun).

BITTREX:ADAUSD   Cardano
Everyone's banking on this ascending triangle (A), but if that's our gauge, (B) makes more sense to me for a breakout. Buyers at support. RSI cools off. Upshot isn't so narrow. Fuller pattern, stronger foundation for a breakout (which, when successful, usually occurs right about there within said pattern (C).

In other words:

(A) shows an ascending triangle on the daily frame.

(C) shows the same pattern on a weekly frame, which is likely a more reasonable guide for several reasons (e.g. Bitcoin being so overbought).

(B) is where a breakout would most likely take place within (C).

Just a cautious thought. At any rate, don't forget those stops.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.