trading volume gradually decreasing since March 2009
most recent price action over-extended based on Fibonacci extension plotted from the beginning, peak, and trough of the previous business cycle
monthly MACD indicators suggest a potential trend reversal
monthly RSI overbought since the beginning of 2018
bearish divergence forming since...
Daily RSI indicates overbought levels since Sept 5th
Daily MACD is about to cross over downward
Buying volume slowly being exhausted
Potential to retrace to key Fibonacci levels at
(0.618) - $36.74
DISCLAIMER : This is not financial advice nor is it a recommendation to short
It is my personal opinion that Cardano remains to be one of few projects with extremely strong fundamentals. However, Shelly being postponed until Q1 2019 has done nothing but fall short of people's expectations and hurt short-term investor sentiment. Generally speaking ,the markets in the short-term are more emotional/irrational and often times prefer...
Daily RSI confirms overbought since August 26th
Buying volume slowly dwindling
Daily MACD is looking like it is about to crossover downward
May retrace to key Fibonacci levels of 0.5 ($2.3) and 0.618 ($1.9)
DISCLAIMER: not financial advice or a specific trade recommendation to short.