ADA/BTC 8H (Binance) Back in falling wedge after fakeout

16 mar 2020

Cardano is on support at Fib 0.236 (485 sats) and I'm expecting it to breakout that wedge so now is looking like a good entry range.

Buy Entry= 0.00000489 - 0.00000469
Take Profit= 0.00000525 | 0.00000557 | 0.00000590
Stop Loss= 0.00000433

Risk/Reward= 1:1 | 1:1.7 | 1:2.41
Expected Profit= 9.60% | 16.28% | 23.17%
Possible Loss= -9.60%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x

20 mar 2020

Trade attivo

2/3 entries filled, get ready for bounce...

23 mar 2020

Nota

Couldn't breakout yet, went down for wedge support again, I bought more there with lower SL=419 sats

23 apr 2020

Trade chiuso: obiettivo raggiunto

TP1 reached with +9.60% (48% using 5x) it was about time!
I'd appreciate some feedback and likes here.

24 apr 2020

Trade chiuso: obiettivo raggiunto

TP2 reached with +16.28% (81.4% using 5x Margin Leverage), last target missed by 5 sats but still valid.
Don't forget to take profit and secure gain with a SL above your entry!