ADA-Cardano Strategy - 03/12/2018
Updated
Dear all,
Welcome back to my new section, today i've analyzed ADA. I think there's a good opportunity that we coud be facing a C wave correction until past 0.7 Fib and after use that to open a small short until 0.6 or 0.5 fibonacci levels.
RSI looks a bit exhausted due to the bullish momentum of past weeks and MACD is starting to show a cross divergence to the down side. It's a bit early to jump on a short, so i decided to put a limit short order way above 0.7 fib level to let the asset take more bullish momentum before the inminet bear trend.
The levels that i am trading in this strategy are on my analysis as well as the Stop Loss you should be all using.
***Please do not take that as an advice, it is an idea and it must be taken as such, do your own research and share your thoughts if needed***
I will keep you all posted,
Have a happy monday & a happy trading experience!
Regards,
BeniGo
Welcome back to my new section, today i've analyzed ADA. I think there's a good opportunity that we coud be facing a C wave correction until past 0.7 Fib and after use that to open a small short until 0.6 or 0.5 fibonacci levels.
RSI looks a bit exhausted due to the bullish momentum of past weeks and MACD is starting to show a cross divergence to the down side. It's a bit early to jump on a short, so i decided to put a limit short order way above 0.7 fib level to let the asset take more bullish momentum before the inminet bear trend.
The levels that i am trading in this strategy are on my analysis as well as the Stop Loss you should be all using.
***Please do not take that as an advice, it is an idea and it must be taken as such, do your own research and share your thoughts if needed***
I will keep you all posted,
Have a happy monday & a happy trading experience!
Regards,
BeniGo
Trade closed manually
Unfortunately it dind't hit our top target and it went down to 0.6 fib. Closing the order and looking for new reenters.Happy trading to all of you!
Regards,
BeniGo
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.