parissap

ADA bearish flag in short-term

Short
BINANCE:ADAUSDT.P   Cardano / TetherUS PERPETUAL CONTRACT
#ADA/USDT
$ADA shaped ascending channel and price is between the middle line and lower line.

🐻 this channel can act as a bearish flag pattern and possible drop price toward long-term support zone around $0.41 which is the same with the broken line of the falling wedge.

🐻🐮 if price holds the support zone then possible to head up again to shape an inverted head and shoulders.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.