ADAUSDT - the moon is near?

ADA in recent days has rushed up at space speed. On either strong acceleration without normal correction. Is this a pump? I am a supporter of the search for entry into the short position, you can begin to search for it locally. However, it is not clear to what level the price will be raised. Therefore, if you enter a short trade, then use a short stop loss, as it would be better to do it again than to stay with a big loss.

P.S. In general, I believe that the current growth of the stock market and cryptocurrency market require correction.

Comment:

Charles Hoskinson said the transition to the updated version will take place from June 30 to July 7, writes DeCrypt.

"The functionality of the Shelley era will ensure true decentralization through Ouroboros' advanced consensus algorithm and a system of rewards based on scientific research," reads the project statement.

His representative added that once updated, Cardano will become 50-100 times more decentralised than other major block networks. Earlier, Hoskinson compared the dollar to one of the largest cryptovoltaic financial pyramids - OneCoin. Thus, the head of block-start-ups reacted to the Fed's plans to issue "an infinite number" of dollars to support the country's economy.


Here is a strong news excuse and what strong words )). Or maybe somebody needs money? In case of a general correction of the market, this growth will not resist.

Trade active:

Just perfectly closed one target at a price level of 0.072. Right now there is no entry point to the deal. There is a high probability of the formation of a double top or head-with-shoulders shape. It is necessary to enter into the transaction when confirming the figure. Or take a chance and open a position from the upper resistance level.

Order cancelled:

The rest of the position was knocked to breakeven. While in full swing is the formation of a head and shoulders reversal pattern. Watch out for this coin. I think there will still be good options for opening short positions.