ADAUSDT - Great point to buy in a triangle!/Trading strategy

ADAUSDT
4H trend chart
-
Since ADA hit ATH on 9/2, it gets a lot of correction and keeps consolidating as a triangle formation.
It is approaching to the end of this triangle.
So if price can break out the upper downtrend line, it's a nice timing to open position.
Trading strategy as below.
-
Profit Targets:
a) 2.4587----Fib(0.618)
b) 2.7980----Fib(1)
c) 3.0396~3.1373-----Fib(1.272~1.382)

Stop losses:
a) 2.0718-----Red horizontal line
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!

Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

تعليق:

Keeps consolidating and converging