Hello everyone!
This is a short trade on the 5 minute time frame. As you can see on the candles, Cardano is making lower highs, looking more and more like a bearish pole or solid triple top.
I think it is going back down to the support area as you can see from the FIB tool, before eventually reaching new highs on the bigger timeframes. I'm bullish on Cardano, but this is a simple trade.
ENTRY: 0,3880
TP: 0,38327
SL: 0,39200
I'm always looking for input (good or bad) so please let me know what you think of this analysis. If you liked this and found this useful please leave a like!
This is a short trade on the 5 minute time frame. As you can see on the candles, Cardano is making lower highs, looking more and more like a bearish pole or solid triple top.
I think it is going back down to the support area as you can see from the FIB tool, before eventually reaching new highs on the bigger timeframes. I'm bullish on Cardano, but this is a simple trade.
ENTRY: 0,3880
TP: 0,38327
SL: 0,39200
I'm always looking for input (good or bad) so please let me know what you think of this analysis. If you liked this and found this useful please leave a like!
Trade closed: target reached:
TP WAS REACHED