Hey dear friends, hope you are well, and welcome to the new update on Cardano (ADA) coin.
Previously we had a nice trade of ADA:
Now on the daily time frame chart, the price action of ADA has formed a bullish Cypher pattern. There is also additional support of 50 simple moving average in the buying zone.
Buy and sell targets:
Buy between: 0.00003944 to 0.00003684 btc
Sell between: 0.00004148 to 0.00004638 btc
Stop loss:
The maximum extent of potential reversal zone 0.00003684 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 25.5%, and the loss possibility is 7%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Previously we had a nice trade of ADA:
Now on the daily time frame chart, the price action of ADA has formed a bullish Cypher pattern. There is also additional support of 50 simple moving average in the buying zone.
Buy and sell targets:
Buy between: 0.00003944 to 0.00003684 btc
Sell between: 0.00004148 to 0.00004638 btc
Stop loss:
The maximum extent of potential reversal zone 0.00003684 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 25.5%, and the loss possibility is 7%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.