Just simply supply and demand. Be water my friend. Don't be a Retail Trader.
My Personal Perception.
Trade on Your Own Risk.
Have a nice day! :) Leave your comment below> I am open for any discussions :) <3
iF You are doing Trade Cardano Coin then you can see Trade Setup for SHORT Trading.
open the Chart and See Price Level to take entry Exit with proper SL.
Let see !!
You can Also Set Stop Loss own Risk Reward Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Hope all your trades are going well, It's All in the Chart.
"Be Brave, Be Deterministic, Overcome The Odds, It can be Done." ― Stephen Hawking. Both Time & Change will occur with or without us. Start today by preparing to do what is necessary & by the time you realize it, you're doing what others perceive as impossible, due to their self doubt of their...
Observation, descending wedge however we can see potentially 2 points for a reversal.
The good thing is the descending triangle that past, was indicating a further drop. However just like ETH, its breakout was up. A good sign.
I think with the recent announcement for Cardano Foundation CEO resignation of Parsons could only be a good thing.
If your going to go...
I m very very bullish at ada in long term but short term is a little bearish
-RSI double top 1D
-Stoch overbought 1D
-BTC about to drop( we are in CBOE futures which is bearish)
Entry short 1301 sats
1 TP- 1241
2 TP- 1137
Below 1137 will be a free fall for ADA
Bottom also is at 655-710 sats
As you can see the resistances and support over the month of September.
We have hit the overall merging wedge upper resistance and horizontal resistance.
We also have rejection at these resistances and have on the 4 hrly chart higher lows which will indicate the easier path is downwards.
Its anyones guess what will take place next because XRP has driven this bull...
At this point i see more sideways movement into a symmetric triangle squeeze before moving up another notch to the next (red) resistance band. Assuming BTC still has sideways trading or bullish movement.