CardanoShort
ADA — Five Dimes a Shot
ADA has had a marvelous run these past few weeks. But time is drawing near to take a breath. The 1D chart is showing descending peaks on the RSI — very similar to BTC’s precorrection setup. A fall to ten nickels in the coming weeks would be a healthy correction that would give ADA to gas it needs to keep surging up.
Recommendation: take a majority profit, sideline it, and wait for the momentary breakdown.
Position: No position on ADA.
Recommendation: take a majority profit, sideline it, and wait for the momentary breakdown.
Position: No position on ADA.
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.