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ADA
Long

ADA (Cardano) Long opportunity

238
ADAUSD

Hello All!

Cardano has been traveling in a channel as can be seen in the chart. After about 2 months of falling, it's now again at its lower trendline which generates a good opportunity to go long!

Its also trading above its 50 daily EMA and has broken trendline 1 which was depicting its fall. These indications further support the idea of going long.

Also, the Reward to Risk ratio is favorable!

Do let me know your thoughts on this!

HAPPY TRADING!
Traders_Town
Also on:
ADAUSDTcardanoChart PatternsTechnical IndicatorsswingtradingTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ADAUSDTcardanoChart PatternsTechnical IndicatorsswingtradingTrend Analysis
Traders_Town
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.