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Adausdidea

Cardano - summer surveys.The truth is that Cardano has been on a spectacular rise since the beginning of the year. Right now and according to the idea we are in the middle of a fibonacci level of 2.618 since the last big drop that occurred in May 2018. Since the RSI is quite overbought there is a high possibility that the pair will correct in the next few days. Let's hope it respects the lower ideal consolidation zone, above $ 0.58. On the other hand and in a broader weekly view we also see the RSI (91) overbought. Signal that would make us confirm that possibility of a downward correction. If some strength is left to this relatively long movement, at least it is to touch $ 0.93 and hopefully also to consolidate in that area. What are your thoughts? Thanks for your support!
BINANCE:ADAUSD
by harribatu
3
Cardano Updates - Bounce or what?We see that the ADA price action has started a correction almost reaching the first support (FIB .618), this is coupled with an RSI showing indecision in a daily view and at the same time that we increase in smaller frame-times it gives the feeling of going further down. Here please find attached the main drawings of this idea, simpler than a botijo for you to speculate. Remember that here in TradingView (and there, and everywhere) ideas are like asses everyone has their own. Please, pleas, please: remember all the trouble that is back on the international scene. Attentive to the political-socio-economic panorama because it is devastating and will somehow affect crypto again. Actually this situation of total halt of the world is more than worrying and it's affecting the whole world, or almost. So far... a greeting, keep safe and do not forget to give a like here. Thankss!
BINANCE:ADAUSD
by harribatu
ADAUSDT Sell/Short Trade, 20% gainADAUSDT is forming a triangle pattern; it's not broken yet but looks it will break downside the triangle. Volume is not big enough to support the bullish movement; On the H1 chart there we can see bearish divergence that shoes the weakness of the trend. We can enter this trade in two way 1) Enter now if it makes a reversal from the trend resistance of the triangle and wait till to break the triangle downside till target reached and if it doesn't break downside then exit. (20% gain) 2) In second trade we can enter in a confirmed breakout when it breaks downside. (15% gain) Keep Trailing Stop
Short
by tapasdhanadana