...lately under the trading point of view.
Major altcoins are moving strongly lately, it is the case of LITECOIN which has get an impressive 20% up in just a couple of days, but also CARDANO is presenting a nice and promising trading setup:
It is the typical inverted Head and Shoulders pattern with aprojected target profit of 23%.
Supporting the possible price action upwards there is the Open Interest accompanying the move:
In my opinion, this is super-bullish so I am IN right now.
- First intermediate targer is 0.1249 USD
- Second, the one projected by the pattern 0.13882
As usual a proper stop loss is always necessary, we have to think in advance.
I'm sharing only my quick trading Ideas here, not financial advice at all ;-)
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
