Fasten your seatbelts!!

13 มิ.ย. 2021

Goodmorning Folks,

Recently I have been watching the beautiful chart of Cardano/USDT.
As beautiful as Technical analysis is it is still very hard for people to keep it simple.

For me I have system defined for myself as a trend trader.

So I use trend trading indicators/oscillators & I look for patterns & I look in to bars.

What is your system?

The big picture is we go up.
I have drawn a wedge and in this wedge at the end I see we operate in de descending triangle .
More often than not (statistically proven) a descending triangle breaks out downwards. But there is a good probability that this will not happen and we will break out upwards.
See the beauty of the Market.

RSI = 43
ADX= 25
DMI+= 9
DMI-=21.5

Just keep your attention on the coming days and wait patiently for a few bars to see how the price will develop.

Quote of the day;
Trade with an edge, manage risk, be consistent and keep it simple!