In this analsysi and update, I'm still shorting Cardano from May, 15, 2022 around $0.59 cents. So, I see that the price make confluence in the 0.618% fibonacci Golden zone and this it's a good opportunity to place a sell market price now. You can to put the SL to $0.63 cents. I'm shorting Cardano from $0.58 cents approximately. My SL it's around $0.63 cents.
In Daily chart, the yesterday candlestick closed up with a bearish signal. Maybe, I suppose that Cardano could to continue very neutral in the reaction of what Bitcoin do and everything depending how the U.S. Dollar behaves in the financial market.
That it's all to share you!!!
But I hope that Cardano goes to $0.30 cents approximately. This it's my target to hit!!!
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To update, Cardano still down, you can to open a short position, put the SL to $0.58 cents and target to $0.40 cents. Also, I will decide to put my target to $0.40 cents, it's more easy for me to get profit early. IN anotherwise, Cardano could to reach to $0.30 cents
So, Cardano show a sell signal by MACD too. Im shorting ADA now as we see a secure trade in it
harisonhbn9718
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Target to $0.30 cents
harisonhbn9718
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I suggested to short ADA now. Because in H4 still bearish and making rejection by bulls candlestick.
i put a short now and SL to $0.63 cents
harisonhbn9718
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Closed up short
harisonhbn9718
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To stay in note, depending how ADA closed up the Daily chart, but if closed up with positive, I will determine to keep away and closed up shorts in ADA and LTC if we could to see any pull back to hope. I dont trade H4 a lot, but I more lead by Daily analysis practically.
So, Cardano show a sell signal by MACD too. Im shorting ADA now as we see a secure trade in it