$ADA / $ BTC at the critical short-term price. Short Signal?
Cardano has pumped along with another contracts which caused by CBOE expiration date on 19th September. Right now we're looking for short by the closest support 1178 (R:R = 1:1) and 1084 (R:R = 1:2) and stop loss around 1366.
The reasons:
1. RSI Level oversold
It's really a good sign an oversold RSI always can be counted on for short-term and long-term, but as long as you don't depend it like fully, you'll be alright alright if considering another indicator to combine to put in perspective.
2. Price Action Wick
The price get rejected and create wick at the top means that price usually wanted to chill down a bit. Based on my target/s i think it's possible.
The reasons:
1. RSI Level oversold
It's really a good sign an oversold RSI always can be counted on for short-term and long-term, but as long as you don't depend it like fully, you'll be alright alright if considering another indicator to combine to put in perspective.
2. Price Action Wick
The price get rejected and create wick at the top means that price usually wanted to chill down a bit. Based on my target/s i think it's possible.
Trade active:
Really it reached my short-term top target and pullback! Let's continue... as you is my short target is still intact 1174-1178 and 1084 on the way if it possible.
Really it reached my short-term top target and pullback! Let's continue... as you is my short target is still intact 1174-1178 and 1084 on the way if it possible.