CardanoShort
$ADA Sell Off
I believe that ADA is going to have a sell of at least 17%. Using the Fibonacci Retracement indicator I can see that it may break out of the Symmetrical triangle pattern. The triangle pattern trend lines, look to be consistent with the top (1.4850) as well as the reversal/sell off from the A.T.H. (seen with the green trend line).
My plan as of right now is to sell at break of the .618 line on the Fib. Retr. indicator. Buy back looks to be a reversal on the red trend line as of right now.
My plan as of right now is to sell at break of the .618 line on the Fib. Retr. indicator. Buy back looks to be a reversal on the red trend line as of right now.
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