ADAUSDT - Great point to buy in a triangle!/Trading strategy
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ADAUSDT 4H trend chart - Since ADA hit ATH on 9/2, it gets a lot of correction and keeps consolidating as a triangle formation. It is approaching to the end of this triangle. So if price can break out the upper downtrend line, it's a nice timing to open position. Trading strategy as below. - Profit Targets: a) 2.4587----Fib(0.618) b) 2.7980----Fib(1) c) 3.0396~3.1373-----Fib(1.272~1.382)
Stop losses: a) 2.0718-----Red horizontal line - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see!
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