#CARDANO - SHORT PRIORITY!
On the 1D chart we can clearly see how the price is consolidating inside the ascending channel. This channel is forming in the downside of the down-trend, which tells us that this is the bearish flag. Therefore, here we have to look for an entry point in SHORT position.
Currently the price is located very close to the upper border of the channel, we can clearly see how the asset wants to fall down from the high points of the channel. So, in conclusion, we have a downward priority and possible bounce to the higher points of the channel in order to get a better entry point in SHORT. Local resistances are mentioned on the chart. Target is 460 sats.
Currently the price is located very close to the upper border of the channel, we can clearly see how the asset wants to fall down from the high points of the channel. So, in conclusion, we have a downward priority and possible bounce to the higher points of the channel in order to get a better entry point in SHORT. Local resistances are mentioned on the chart. Target is 460 sats.
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