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Cardano / TetherUS
Short

Short ADA

By evasivesteering
Updated

ADA has been struggling to hold the long-term support (since 2018) at around $0.4. However, it can be seen that a bearish flag is formed.

In 2D TF, the flag was broken down. Volume indicators propose that prices will continue to go down.

It can be also seen that the 2018 support was broken with medium volume. If market sentiment is not good the next days, panic sell may happen for ADA.


Trade closed manually
BTC and the whole market are strong. Better close trade here and wait for a reactivation later.
Trade active
Trade reactivated
Trade closed manually
Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)

snapshot
Trade active
BTC is weak although stock has risen.
Comment
TP1 $0.336 was hit
Trade closed manually
Trade closed waiting for better entry and condition.
ADASupport and ResistanceTrend LinesVolume
evasivesteering
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