Cardano (ADA) Bull div, move up possible. Short ready.
Due to the bearish market, altcoins are very easy to predict.
Signals:
Bullish Divergence on the 1 hour for ADA as well as 4 hour, indicating support at the current level.
Cardano has tested support many times, having small bounces each time.
Therefore, we long ADA now with a stop loss below the base of ADA. Once ADA hits the red cloud we close our long and consider a short. If the move up does happen and we break the red cloud, consider another long. For now ADA will likely be trading sideways. If you want to play safe, don't long in this bear market.
Targets:
1783 level (+1%)
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Signals:
Bullish Divergence on the 1 hour for ADA as well as 4 hour, indicating support at the current level.
Cardano has tested support many times, having small bounces each time.
Therefore, we long ADA now with a stop loss below the base of ADA. Once ADA hits the red cloud we close our long and consider a short. If the move up does happen and we break the red cloud, consider another long. For now ADA will likely be trading sideways. If you want to play safe, don't long in this bear market.
Targets:
1783 level (+1%)
Thanks for viewing! Please leave any comments in the box below. I will respond to everything.
Comment:
This short is not the easy money the last one was. So make sure you have all your stops ready to protect yourself.
Trade active:
My limit got filled. I'm damn lucky. Short active.
Comment:
Trade active:
+5%, short still active.
Trade active:
13.5% with margin. Still holding short.
Comment:
Order cancelled:
I closed my short right now, going to wait for further signal
Trade closed: target reached
Comment:
Closed for 12% profit. With margin got around 60%.
