Cardano / Bitcoin
Long

ADABTC - Short term trade possibility - Wedge breakout

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Friends,
Its been a while since I have made a trading post. I was very busy in typing up the lessons, but lets get to some basics now.

We are looking at a 1H chart of ADABTC. I see a falling wedge here, as you can see on the chart. If we break out upwards from this falling wedge, we have a buy signal there.

So, lets watch this chart, and wait for a breakout in the bullish direction. Its as simple as that. I will not go into much details right now.

I have marked some potential short-term targets on the chart, which can be used for exit or moving the stop losses.

NOTE: If we break the wedge downwards, and the 1H candle closes below the wedge support line, this trade will become invalid.


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