without_worries

Cardano (ADA) vs USD

Short
BINANCE:ADAUSDT   Cardano / TetherUS
There is bearish divergence on this 1-day chart between price action and the oscillators. Stochastic RSI continues to show rising momentum therefore the top might not yet have been reached, however timing the market I leave to others. Better to collect profits and look for a new opportunity with less risk / more reward.

On the 4-day chart below we can see that price action has come to our resistance line that began in August 2018 or is now 670 days old. In my opinion we will re-test the 21-week (~5 cents) before breaking through this resistance.

4-day chart:

The trend line formed by the MFI shows support has failed.

Comment:
No, ADA is not a long. Lot's of messages from fanboys / fangirls / fanthems

Wait for 6 to 10 cents.

BTC
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Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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