Recently I have been watching the beautiful chart of Cardano/USDT. As beautiful as Technical analysis is it is still very hard for people to keep it simple.
For me I have system defined for myself as a trend trader.
So I use trend trading indicators/oscillators & I look for patterns & I look in to bars.
What is your system?
The big picture is we go up. I have drawn a wedge and in this wedge at the end I see we operate in de descending triangle . More often than not (statistically proven) a descending triangle breaks out downwards. But there is a good probability that this will not happen and we will break out upwards. See the beauty of the Market.
RSI = 43 ADX= 25 DMI+= 9 DMI-=21.5
Just keep your attention on the coming days and wait patiently for a few bars to see how the price will develop.
Quote of the day; Trade with an edge, manage risk, be consistent and keep it simple!
Bold statement and wise advise. Very useful for me, Thank you.
MoneyMakingMuro
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@IndoCrypto388 thanks made enough mistakes in the past. Hopefully will this help don’t do the same as i have. You can choose to follow me for more coming knowledge and analysis. Appreciate it you taking time to comment