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ron2ra
Jan 19, 2019 5:55 AM

cardano bear flag? Short

BINANCE:ADABTC1D
Cardano / BitcoinBinance

Description

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is Cardano forming a bear flag? rsi and mc macd is like confirming a short term drop. maybe time for a last chance accumulation?

Comment

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so far the ascending channel or bear flag wanna be did play out the short call.. so far 100 day ema is acting as support.. should i put a 1135 buy order or wait til 1015?
Trend AnalysisChart PatternsADAcardanoBTCBearish PatternsFLAG
Comments
CryptoC77
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It s not a bearflag..it s ascending channel.
ron2ra
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@Rowhales, more or less it implies bearish signal right?
CryptoC77
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@ron2ra, It s too big to be a bearflag at 1D timeframe and also we got a few MA support at 1D/1week which means it s not a bearflag :)
CryptoC77
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@Rowhales,


Check flagpole..in your TA the flagpole and price channel height it s same.so can t be a bearflag
ron2ra
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@Rowhales, nice man! thanks!
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