Short

Cardano downtrend continuation

Updated

Cardano seems to be approaching 50 MA resistance. It is most likely to fail breaking it as it is the first test.
If it fails then it is unlikely to hold a dollar on the way down, since it has been tested several times in the past.

My personal opinion. Not financial advise.

Note

It retracted hard exactly after touching 50W MA as mentioned.

I have no hopes for ADA in the short term if bitcoin/ Dow continue downward.

Note

Chart still on track. I am not sure about the bounce back to 1$
but 40cents is very likely

Note

still on track

Note

The chart aged like wine

Trade closed: target reached

Note

Lol. I never short/ long

so never traded. I meant target reached

adityasabnis

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