🚀🔥Cardano false breakout at $0.4 key level: 3 target to long
Hi friends!
Take a look on the volume indicator. The volume bars are always growth at the bottom. The whales buy a lot of Cardano and I think it will go up after this liquidity collection below the key level of $0.4.
Also we need to see the clear uptrend (HL+HH) to open nice swing with some global targets. Now the price of Cardano as the most of altcoin is consolidating and its good times for scalpers (to make a profit on the small movements) and for the big players (accumulate long-term positions in altcoins to sell it to retail traders at the next ATH).
📊 The preconditions to open a long on Cardano:
✅ liquidity collection+volume growth
🔥 squeeze to the trendline
🔥 bullish BTC of course
🚩 I like to use DOM and Footprint free scalping tools. They help me to open the best position together with whales. Check the links below the idea to get free trading tips and tools.
✅ The main targets for Cardano:
1. $0.45-0.48 - the value area
2. $0.542 - the key level
3. $0.56-0.57 - the value area
🚩 The short scenario is less possible. Targets for the short is -42% according to the classic technical analysis (breaking the triangle down). But I am not sure if it is possible and if there are traders left that can be liquidated (fuel to DUMP🔥).
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
Take a look on the volume indicator. The volume bars are always growth at the bottom. The whales buy a lot of Cardano and I think it will go up after this liquidity collection below the key level of $0.4.
Also we need to see the clear uptrend (HL+HH) to open nice swing with some global targets. Now the price of Cardano as the most of altcoin is consolidating and its good times for scalpers (to make a profit on the small movements) and for the big players (accumulate long-term positions in altcoins to sell it to retail traders at the next ATH).
📊 The preconditions to open a long on Cardano:
✅ liquidity collection+volume growth
🔥 squeeze to the trendline
🔥 bullish BTC of course
🚩 I like to use DOM and Footprint free scalping tools. They help me to open the best position together with whales. Check the links below the idea to get free trading tips and tools.
✅ The main targets for Cardano:
1. $0.45-0.48 - the value area
2. $0.542 - the key level
3. $0.56-0.57 - the value area
🚩 The short scenario is less possible. Targets for the short is -42% according to the classic technical analysis (breaking the triangle down). But I am not sure if it is possible and if there are traders left that can be liquidated (fuel to DUMP🔥).
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
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