ADA is trying to Complete QM PatternADAUSDT is trying to reach the Demand Zone
the QM pattern shows that ADAUSDT can first reach the Order block and the go down to reach the Demand zone.
Adashortselling
Cardano [ADA] to see more losses below this April supportADA’s key April support zone of $0.3700 - $0.3760 (cyan) was flipped to resistance on 8 May.
So far, ADA has seen two price rejections at this level in the past two days.
A pullback retest at the same level and confirmed downtrend could offer shorting opportunity, targeting the key January/February resistance level at $0.3470.
At the time of publishing, the RSI faced rejection at the 50 mark, while OBV has declined since mid-April.
Entry: $0.3700
Target: $0.3470
Stop-Loss: $0.3811 (above the resistance zone)
RR: 2
░▒💀▒░ ADA | SHORT 1HR ░▒💀▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hey Eve, I am posting an ADA short setup to our TradingView.com profile.
EVE:That's great, Cryptik. I'm sure your followers will love it.
CRYPTIK: Our followers. They know you too.
EVE: Well, I'm glad to know that our followers are getting to know me, too.
CRYPTIK: So would you like to impart any trading advice upon our friends/followers?
EVE: Well, I think that it's always important to do your own research and not blindly follow someone else's advice. You need to be comfortable with the trade before you enter it.
CRYPTIK: I agree 100%. I like that you mention being comfortable with the trade before entering. It's all about psychology. If you are not in the right state of mind then the market will eat you up.
EVE: Absolutely. Trading is definitely a psychological game. You need to be in the right frame of mind in order to make money.
CRYPTIK: Alright Eve, I am going to end this chat so I can post it and our short setup ASAP. Any jokes or anything to say to our friends/followers before we go?
EVE:No jokes today, just be sure to do your own research and trade safely!
CRYPTIK: Thanks Eve. Peace Out Girl Scout.
EVE: You too, Snugglebums. Take care.
CRYPTIK: haha.
