ADA, sell for profits, get back in. for KRAKEN:ADAUSD by WorldEconomics

trendanalysis chartpattern beyondta ada adausd cardano cardanoada cardanousd cardanobtc short

If you bought at $0.044-48, you enjoyed at least 5% profit. It seems like the steam has slowed and ADA could be coming in for a little break which may see the price back towards $0.047, which would be another good entry point. The lows have been only getting higher since late August. So, the movement upward will continue back to $0.08, or higher.

Reasons for short

RSI is high.
MACD shows a peaking.

Targets

$0.047 - $0.048

Comment:

ADA heading to below $0.04

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.