Cardano (ADA) - Consolidation Bull Prep

9 gen 2018

Cardano ADABTC going through a consolidation after large bull run. A few hints for possible breakout in the near future. Currently awaiting further confirmation. No entree.

POSITION:
none

SIGNALS:
- falling wedge development
- T&K bull cross (weak evidence)
- Price-T&K bull cross (weak evidence)
- multiple resistance testing

CAUTIONS:
- weakening trend strengths increases likelihood of interpretation error of key signals & inconsistencies
- future cloud thickness decline denotes indecision but confirms falling wedge formation

12 gen 2018

Nota

https://www.tradingview.com/x/aUli6Xgs/INTERPRETATION
Bearish pennant drove price further down. However, the recent Price-Cloud entry & breakout (although through narrow cloud) will be the first time this event has occurred since the end of the last bull run a few days ago. The next hours will be met w/initial selling pressure before transitioning to a period of increased buying pressure. Possible breakout imminent. A T&K bull cross above the cloud will be considered a strong buy.

POSITION
Buy @ T&K bull cross assuming all variables constant. Continue to monitor if price drops back below cloud.

SIGNALS
- Price-Cloud bull entry & breakout


CAUTIONS/CONFIRMATIONS
- T&K bull cross (above cloud = strong buy signal)
- Price-Cloud entry & breakout was through narrow cloud & may reverse

12 gen 2018

Nota

POSITIONS
none (buy signals pending)

BUY SIGNALS
- Price-Cloud entry & breakout
- Price-T&K bull cross

CAUTIONS/CONFIRMATIONS
- T&K bull cross (awaiting for final buy signal)
- Price-T&K bull cross stability
- Price-Cloud entry & breakout was through narrow cloud

INTERPRETATIONS
Bearish wedge resulted in decrease in further price. Possible price stabilization. Awaiting possible breakout bull run. Price-Cloud bull cross has been first successful event following the last bull run. Next 24 hours will be met w/initial selling pressure followed by increased buying pressure. If price manages to remain above w/T&K bull cross w/other variables constant, it will signal my time to buy.

12 gen 2018

Trade attivo

POSITIONS
bought @ 5400

BUY SIGNALS
- T&K bull cross
- Price-T&K bull cross
- Price-Cloud entry & breakout

CAUTIONS/CONFIRMATIONS
- confirm stability of bull buy signals

13 gen 2018

Trade attivo

POSITIONS
Entry @ 5400 (Target @ 7200)

INTERPRETATIONS
Target lowered to account for retrace for maximum profit yield. Additional position & new target TBD.

13 gen 2018

Trade chiuso manualmente

POSITIONS
Entry 100% @ 5400
Closed 100% @ 6400
Net @ +19%

INTERPRETATIONS
Unlikely to hit target before retracement. Profit taken to free up funds despite potential of slight profit loss. Price will likely have a slight spike before dropping back to ~6500 level. Next entry & new target price after fall.

BUY SIGNALS
- Initial spike followed by retracement 6000-6500 (expected bullish run following)

13 gen 2018

Trade attivo

POSITION
Entry 100% @ 6350

INTERPRETATION
Lowest price before bull run of expected >30%. Extrapolated graph will be posted as more data is gathered.

14 gen 2018

Trade chiuso manualmente

INTERPRETATION
Bearish sentiment unlikely to result in expected bear run. All short positions closed.

FINAL
Entry @ 6350
Closed @ 6900
Net @ +9%