ADA/USDT 2h (Binance Futures) Descending channel near breakout

5 nov 2020

#Cardano is on small ascending channel support and if bounce here it would probably break out the bigger descending channel.

Current Price= 0.09293
Buy Entry= 0.09302 - 0.09142
Take Profit= 0.9670 | 0.10256 | 0.10694
Stop Loss= 0.08774

Risk/Reward= 1:1 | 1:2.31 | 1:3.29
Expected Profit= +9.72% | +22.42% | +31.92%
Possible Loss= -9.72%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 120h

6 nov 2020

Trade chiuso: obiettivo raggiunto

TP1 with +9.72% (2x)

6 nov 2020

Nota

TP2 reached with +22.42% (2x)

#Cardano did break out of both parallel channel as expected, that was a very nice dip catch!
Last target was missed by 0.00004$, kind of frustrating but I believe it will go up there again, if not I may adjust it lower to close that trade before weekend.

6 nov 2020

Trade chiuso: obiettivo raggiunto

TP3 with +31.92% (2x)

And that's a wrap for #Cardano, trade totally closed on last target with that 3.29 R/R 💪🏼