Margins: Cardano!!!

BITTREX:ADABTC   Cardano / Bitcoin
Good evening!

Ever since I got into Margins, I have been in love with shorting my way down the trend. With that said, welcome to my technical analysis for Cardano.
I have the chart set up on the daily. Looking at it from since it's jump to ATH in December, we can see that the chart is forming a descending triangle!
At 1900 sats , we see it being tested twice... forming the descending triangle . We see a break out to a side ways channel, however I only see this as a temporary movement to catch the bulls in the market
with the bears clawing them down to 1400 sats . Shorting this trade is very high in risk. Personally, I am now waiting patiently to enter at 1400 Sats . Have my leverage higher. Then up I go.
This has been a pleasure. I hope you find this useful. This is Balanar, the night stalker. I stalk these charts... day and night!


balanar_NS danielmuliawan
@danielmuliawan, that's the next support if it breaks below 1900 sats.
shorting down here your playing with fire IMO.
@IONCHRONO, having money in margins right now overall is playing with fire but risks are risks. I still truly believe that the whole market is on a bearish momentum despite of the mini percentage gains we have been having these past few days. These are just to drain out greedy and emotional investors. Good luck trading sir.
@balanar_NS, greedy investors are ones buying btc @ 20k ect. not at these prices.
+1 Reply
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