Cardano / TetherUS
Long

Cardano bullish? Falling wedge and inverted H&S

247
I just opened a long position on ADA/USDT

two bullish patterns, one within the other: inverted head and shoulders | Falling wedge

1- falling wedge:

Stats:

Break-even failure rate: 11% in a bull market; 11% in a bear market
Average rise: 32% in a bull market; 26% in a bear market
Percentage meeting price target: 70% in a bull market; 60% in a bear market

2- inverted head and shoulders:

Stats:

Break-even failure rate: 3% in a bull market; 4% in a bear market
Average rise: 38% in a bull market; 30% in a bear market
Percentage meeting price target: 74% in a bull market; 58% in a bear market.

As always, risk vs reward is the key thing to consider for someone who wanna be a successful trader; I've already set up my stop loss and will shortly update this idea with price targets.

Trade carefully ;)

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