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adityasabnis

Cardano downtrend continuation

Short
Cardano (BINANCE:ADAUSD)  
adityasabnis Updated   
BINANCE:ADAUSD   Cardano
Technical Indicators Chart Patterns cardano Cryptocurrency
5
11
indicator chartpattern cardano cryptocurrency
Cardano seems to be approaching 50 MA resistance. It is most likely to fail breaking it as it is the first test.
If it fails then it is unlikely to hold a dollar on the way down, since it has been tested several times in the past.

My personal opinion. Not financial advise.
Comment:
It retracted hard exactly after touching 50W MA as mentioned.

I have no hopes for ADA in the short term if bitcoin/ Dow continue downward.
Comment:
Chart still on track. I am not sure about the bounce back to 1$
but 40cents is very likely
Comment:
still on track
Comment:
The chart aged like wine
Trade closed: target reached
Comment:
Lol. I never short/ long

so never traded. I meant target reached
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