Cardano - ADA Freefall - BEARISH Short Term

Mar 12

Are you still trading ADA - if so, long term hold, or swing trade?


Earlier the year, a flag pattern played out towards the lower side, which is not surprising considering the decline in BTC. Alts normally fall much harder than BTC during a bearish cycle.


From the current picture, we can see that the price is likely dropping even lower, to fill the extreme wick that was made.

Another -15% to -20% seems likely here - what are your thoughts?

Mar 21

Trade active

22c reached, no sign of turn around in the short term.

Mar 21

Note

XRP is also heading down further to $1.2 after no sign of support on the 200d Moving avergaes:

Mar 24

Trade closed: target reached

Up and down on this support zone, a great buy zone if you're willing to hold for a few months.. or maybe even years, depending on how the war crises plays out. Are you buying?