jpbrown1023

ADA - Might be an opportunity to short here

Short
BINANCE:ADABTC   Cardano / Bitcoin
I know a lot of people are bullish on ADA, but this TA looks bearish to me. We broke out of this ascending megaphone to the downside and have a big bear flag. The 4-hour MACD also looks bearish. I'm going to be the contrarian here and short especially with Bitcoin teetering on collapse.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.