📈 Daily TA: Cardano (ADA/USD)

Hello, dear members of LeoFinance!

I just want to point out some interesting formation in the 1-hour chart of ADA/USD, namely, the Bullish Flag: According to the Technical Analysis theory, a Bullish Flag is a trend continuation pattern. So, it is highly probable that sooner or later ADA/USD will exit the flag and resume the uptrend.

That's why I outlined in the chart how and when conservative investors/traders open long trades once the uptrend resumes.

To be continued ...

As of the time of writing, one ADA costs $0,8844 on the Bittrex crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Cardano (ADA/USD) | 17-02-2021