Cardano (ADA) Looking for a good short entry, long also possible
מעודכן
Cardano has formed a head and shoulders pattern followed by rejection of the trendline and red cloud. If I were looking at the chart alone, I would be shorting, but RSI tells us the rising support at the base, so a long is equally possible. Stoch has room to run too, so at the very least we could be holding the current price.
If this break the white base I believe you should short. I recently got into Bitmex and now I am able to make money in this market way more easily.
Short target at:
1800 satoshi's.
If the long scenario happens, the 1860 level must be broken convincingly for me to go long.
Long target at:
1930 satoshi's
Thanks for viewing! I post all my private charts such as BTC/USD here on tradingview. They can be found in the related ideas. Message me if you would like access to my more recent ones and I will share all the charts with you.
If this break the white base I believe you should short. I recently got into Bitmex and now I am able to make money in this market way more easily.
Short target at:
1800 satoshi's.
If the long scenario happens, the 1860 level must be broken convincingly for me to go long.
Long target at:
1930 satoshi's
Thanks for viewing! I post all my private charts such as BTC/USD here on tradingview. They can be found in the related ideas. Message me if you would like access to my more recent ones and I will share all the charts with you.
הערה
Looks like we will hold here for awhile.הערה
Longer we hold more possibility for a bullish break of the cloudעסקה סגורה: היעד הושג
1.05%.Not staying in due to btc drop.
עסקה פעילה
Short position readyעסקה פעילה
White trendline is target 1.הערה
This is first weak support, bounce expected
הערה
Bounce happened as predicted, continueing downעסקה סגורה: היעד הושג
I closed my short, moving onto BTC now, you may choose to stay in if you believe it will continue to drop. Shorting ADA is getting more risky now.
העסקה בוטלה באופן ידני
If you still are shorting ADA, close now and wait for move first.הערה
הערה
On Aug 11 when I closed my short price has 1.67% move. Got lucky.הערה
I believe another 1% upside move is coming. New chart has been posted.
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