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WorldEconomics
Sep 18, 2019 6:16 AM

ADA, sell for profits, get back in. Short

Cardano / U. S. DollarKraken

Description

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
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