Cardano: Trend Reversal into Bearish Bias, Short Opportunity?
Technical Analysis
ADAUSDT made a Double Top Pattern. Furthermore, ADAUSDT has broken out of the neckline Double Top. The Breakout could indicate a possible reversal or continuation. MACD Indicator also formed a death cross, indicating a potential bearish movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the Cardano/ADAUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
ADAUSDT made a Double Top Pattern. Furthermore, ADAUSDT has broken out of the neckline Double Top. The Breakout could indicate a possible reversal or continuation. MACD Indicator also formed a death cross, indicating a potential bearish movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the Cardano/ADAUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Trade closed: target reached
Achieved Target 2, Never Thought It would reach the target so soon!
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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.
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.