Solldy

ADAUSD ❕ The price is oversold, but there is no support

Short
BINANCE:ADAUSDT   Cardano / TetherUS
Cardano is moving in a downward channel.
Trading volumes show interest in falling prices.
The 100MA has broken down the 200MA on the 1H Timeframe.
I expect the price to test the lower boundary of the liquidity zone, but after fixing under it will continue to decline.
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.