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jazerbay
May 8, 2021 2:23 AM

ADA-Short-Cardano (short-term bear)Β Short

Cardano / TetherUSBinance

Description

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Hello traders and investors!!πŸ˜„πŸ‘‹

Let's see if Cardano falls after reaching a new ATH very recently.

If we see the fall, I have points set up that I am expecting ADA to reach in the range of.

This is a short technical-analysisπŸ‘‡πŸ‘‡.

Fundamentally, Cardano (ADA) is a very strong blockchain network.

In the event that we go up for another ATH, I have bull target listed above on chartπŸ’Ή.

This not a lengthy idea/post thank you.

πŸ›‘πŸ›‘πŸ›‘This is not financial adviceπŸ›‘πŸ›‘πŸ›‘

Always have a stop loss βœ‹πŸ›‘πŸ’² set please!!!!!

Thank you so much!

Jazerbay ☯

Trade closed manually

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Did we bounce off of the 0.382 fib at (~1.56)πŸ‘€
Or is this a bear trap?
Comments
Oacen
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ada never goes down .
only when btc crash ada dives.
most of ada holders never sell their ada.
70% are in stack pools.
so if btc stay high you will lose your accounts shorting ada.
i didnt sel my ada at 1.75
ada isnt enjin to short this.
if you want to short ada cause of btc crash go and short btc
jazerbay
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@oacen13, thank you much for your opinion! Appreciate the feedback. This chart actually has a bull target too if you take a look. In the event that BTC dives, which is possible, I have created bear scenario for ADA. Even if BTC doesn't dive it is very possible that ADA could correct some, whether or not ADA holders sell, because we did just see 2 new ATH's🀯! Let's see what happens out of the many possibilities detailed above!πŸ†—πŸ‘πŸ˜„πŸ˜
Oacen
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@jazerbay, i just woke up and i am so happy ada is the only big coin that has no smart money this is the reason they cant manipulate this like btc .
no chinese farmers to sell ada at ressistances no institutes dumping the price the only thing they can do to dump ada is to crash btc and force new traders and those who play with leverage to sell.

holders are random people mostly who believe in their project .

lets go ada ignore corrupted btc go 2 dollars now and with the alonzo update we will go higher
jazerbay
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@oacen13, ✌✌πŸ”₯πŸ”₯πŸ’ΉπŸ’ΉπŸ™ŒπŸ™Œ yes completely agree bud go ADA!!
KlejdiCuni
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Great analysis
jazerbay
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@KlejdiCuni, hello, thank you!
FieryTrading
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Great work!
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