balanar_NS
Long

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!

Comments

1400? LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
Reply
balanar_NS danielmuliawan
@danielmuliawan, that's the next support if it breaks below 1900 sats.
Reply
shorting down here your playing with fire IMO.
Reply
balanar_NS IONCHRONO
@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.
Reply
IONCHRONO balanar_NS
@balanar_NS, greedy investors are ones buying btc @ 20k ect. not at these prices.
+1 Reply
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