ADA – re-enter long position

25.11.2021 6:06 pm

Hello, everyone!

Last time I unsuccessfully entered long position in Cardano, I made the analysis here. But the price hit my stop-loss level. I am not going to give up and found the new strong buy signal for ADA.

I told you that if you trade divergences, you should be able to exit and re-enter position if the new divergence forms. Now it is the case! If today’s MACD histogram column close decreasing in comparison with previous, this is the long signal. Moreover ADA is on the zone of interest, it is too stupid not to use this opportunity. The potential profit will cover our loss at least 3 times. Targets and stop-loss you can find on the chart.

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