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civomt
Dec 3, 2018 5:10 AM

ADA (Cardano)- Time to short? 

Cardano / US DollarBittrex

Description

Short-term target of ADA wasn't reached yet. If we broke that ascending line to the down, we will see the test of the support area 0.0388-0.038 (first rectangle). If we stay at this area - or make sqeeze up( back to 0.04 areas) we will be back at neutral areas again. Otherwise, we can see a test of second support. At this moment, (when I write this idea) volume start increasing - so It looks like we will within 2 hours most likely test the first support.

Comment

Still moving on the edge. Till we don't see move minimum to 0.0420, I'm expecting test of the supports.

Comment

So first support was broke, we get touched second one, from where we get kick back to the first support. At the moment, I don't think the drop is over yet. Probably the support one will be broke again, and we will test support 2 second time.

Comment

Both targets reached.
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