Can you feel that? the weight has been lifted...
With Trump winning the election and BTC breaking ATH, expect alts to rally. Hard. Cardano is set up perfectly, there isn't a better entry than this.
Key Points:
The Trade:
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
With Trump winning the election and BTC breaking ATH, expect alts to rally. Hard. Cardano is set up perfectly, there isn't a better entry than this.
Key Points:
- The 2020 bull market fully retraced to 0.5 fib
- A retrace to only 0.5 fib suggests Cardano is very strong
- 0.5 tested multiple times with a higher low now in
- Trump won the election - very bullish for crypto
The Trade:
- Entry: anywhere here. this is a monthly chart. Think bigger picture. Buy and hold.
- Algo Target: $10.33 (27x)
- Stops: if something weird happens and this starts selling off, I'd be out under that previous low.
- Range Expansion Target: $38.60 (100x) - less likely but who knows, might be worth keeping a small moon bag.
- We won't talk about the Elliot wave targets... too high, too much hopium
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
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.