Cardano - Intraday - We look to Sell a break of 1.998 (stop at 2.057)
Trades with a bearish descending triangle formation.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Posted a Double Top formation.
Pivot resistance is at 2.250.
A break of bespoke support at 2.000, and the move lower is already underway.
Our profit targets will be 1.825 and 1.785
Resistance: 2.150 / 2.200 / 2.250
Support: 2.050 / 2.000 / 1.950
Trades with a bearish descending triangle formation.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Posted a Double Top formation.
Pivot resistance is at 2.250.
A break of bespoke support at 2.000, and the move lower is already underway.
Our profit targets will be 1.825 and 1.785
Resistance: 2.150 / 2.200 / 2.250
Support: 2.050 / 2.000 / 1.950
Trade active
Trade closed manually
Closed flat.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.