ADA – Cardano Swing Long Idea
📊 Market Sentiment
Market sentiment remains strongly bullish as the FED is expected to deliver a 0.25% rate cut, with speculation building for a possible 0.5% cut in September. Monetary policy shifts are being driven by both inflation trends and weakening labor market data. The latest August and September job reports were soft, signaling that the economy is cooling rapidly. This environment continues to fuel expectations for a major bullish run in the weeks ahead.
📈 Technical Analysis
Price found support on September 1st at the bullish HTF trendline and has been moving upward since.
Price is currently at the HTF Key Resistance level, showing accumulation rather than sharp rejection, with deviations pushing upward. This indicates strength and a bias toward higher prices.
📌 Game Plan
1)Watch for a daily close above the bearish trendline.
2)Look for the HTF Key Resistance to be broken and confirmed with a daily close above.
🎯 Setup Trigger
Entry after the retest of the HTF Key Resistance level ($0.885).
📋 Trade Management
Stoploss: Daily close below HTF Key Level ($0.85 area)
Targets:
TP1: $0.96
TP2: $1.02
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
📊 Market Sentiment
Market sentiment remains strongly bullish as the FED is expected to deliver a 0.25% rate cut, with speculation building for a possible 0.5% cut in September. Monetary policy shifts are being driven by both inflation trends and weakening labor market data. The latest August and September job reports were soft, signaling that the economy is cooling rapidly. This environment continues to fuel expectations for a major bullish run in the weeks ahead.
📈 Technical Analysis
Price found support on September 1st at the bullish HTF trendline and has been moving upward since.
Price is currently at the HTF Key Resistance level, showing accumulation rather than sharp rejection, with deviations pushing upward. This indicates strength and a bias toward higher prices.
📌 Game Plan
1)Watch for a daily close above the bearish trendline.
2)Look for the HTF Key Resistance to be broken and confirmed with a daily close above.
🎯 Setup Trigger
Entry after the retest of the HTF Key Resistance level ($0.885).
📋 Trade Management
Stoploss: Daily close below HTF Key Level ($0.85 area)
Targets:
TP1: $0.96
TP2: $1.02
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.