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Michael_Winner
Dec 2, 2022 6:12 PM

Cardano can drop to the bottom of the range Short

Cardano perpetual contractWhiteBIT

Description

Hello, dear traders, we are new here, so we ask you to support our ideas by asking "SUBMIT" and COMMENTS, and you can also freely ask any questions in the comments, we will try to answer everyone, thank you guys.

Today we will look at the price of ADA/USDT.
I draw your attention to the graph, where we can see how the price trading in the range.
Now the price is close to the resistance level.
The price can rise to the resistance level and test it, after which the price can bounce back and start to fall.
In my opinion, after retest of resistance line, the price can drop.
I decided to set 2 targets.
1st goal I see at the level $0.3100, the next target is at the bottom part of the range at a level $0.2985.

I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
Comments
AtlasTrades
great lovely buddy, I think you are right about adausdt
Tolberti
Thank you for sharing your analysis!
P_S_trade
Possible scenario
YMGroup
Nice adausdt.p explanation mate, I'm learning from you
ProjectSyndicate
need more setups just like this
TheTradersAvenue
Interesting view! thanks.
Michael_Winner
Be free to ask any your question here in the comments.
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