If you've followed me since a long time ago, you'll understand that my favorite criteria to enter position in the market is based on the break out strategy. I've already acknowledged you about my 3 phases of break out strategy and when to enter the position. Whenever there is a trend line or horizontal level which acts as a support or resistance, I'll patiently waiting for the break out characteristic to enter the position. The main reason why I like to enter at the break out is that there MUST be a lot of volume which enter the market no matter a net buy or net sell. An increase in volume will bring the volatility which means will eliminate or at least minimalize the risk of manipulation in the market. Another reason is that the shifting on the psychological aspect which means the investors see something that could change in the future.
That's why at current Cardano chart, I'm still waiting for a long opportunity. The validation of it is clear, whenever the price can breaks out from the white resistance trend line and the white zone which is moving in alignment with the .382 fibonacci levels. If we see any sign of break out and of course with a decent volume, we can expect a moves higher to the above fibonacci levels. The .5 fibonacci level will be a minor or less significant resistance. On the other hand, the golden pocket is always be a strong resistance zone.
Yes, I know that the latest news and rumor about the Shopify thing has attracted a lot of investors in the market to enter the Cardano. But, we must not be ignorant about the confirmation on the technical analysis too. The above paragraph could be the bullish fact which I am expecting a break out too. But, the bearish could still in the other side waiting for the good opportunity. If we get another confirmation of rejection from current level, we might see further push toward the blue region on the short and middle term.
That's why at current Cardano chart, I'm still waiting for a long opportunity. The validation of it is clear, whenever the price can breaks out from the white resistance trend line and the white zone which is moving in alignment with the .382 fibonacci levels. If we see any sign of break out and of course with a decent volume, we can expect a moves higher to the above fibonacci levels. The .5 fibonacci level will be a minor or less significant resistance. On the other hand, the golden pocket is always be a strong resistance zone.
Yes, I know that the latest news and rumor about the Shopify thing has attracted a lot of investors in the market to enter the Cardano. But, we must not be ignorant about the confirmation on the technical analysis too. The above paragraph could be the bullish fact which I am expecting a break out too. But, the bearish could still in the other side waiting for the good opportunity. If we get another confirmation of rejection from current level, we might see further push toward the blue region on the short and middle term.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。