ADAUSDT - Great point to buy in a triangle!/Trading strategy
ADAUSDT
4H trend chart
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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.
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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
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Bình luận:
Keeps consolidating and converging
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→Join Teaching Group for free!(PM me)