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Cardano
Short
Updated

ADA, sell for profits, get back in.

274
If you bought at $0.044-48, you enjoyed at least 5% profit. It seems like the steam has slowed and ADA could be coming in for a little break which may see the price back towards $0.047, which would be another good entry point. The lows have been only getting higher since late August. So, the movement upward will continue back to $0.08, or higher.

Reasons for short
  • RSI is high.
  • MACD shows a peaking.


Targets
  • $0.047 - $0.048

Note
ADA heading to below $0.04
WorldEconomics
ADAadausdBeyond Technical AnalysiscardanoCARDANOADAcardanobtccardanousdChart PatternsshortTrend Analysis

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.
ADAadausdBeyond Technical AnalysiscardanoCARDANOADAcardanobtccardanousdChart PatternsshortTrend Analysis
WorldEconomics

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.