Cardano / TetherUSShort
ADAUSD
ADAUSDT SHORT
Hi everyone, wasn't trading for a week, since being patient for the setup is very important.
There are a couple of entries in intraday, like what a happened during March 23, 2020 where price starts to broke out.
But not trusting this "BULL RUN" instead following the larger bias(MACRO LEVEL) of the trend which is bearish.
----------------------------------------
Reasons for shorting
Fib: Price is already at 50% retracement from larget timeframe
Price: Now near resistance of 0.04600- 0.04700
RSI: Showing signs of rejection *BEARISH DIVERGENCE*
Conclusion:
If this materializes expect another support at $0.04200 - $0.04100
else if buyers aren't exhausted yet, expect another attempt to reach $0.05100 - $0.05200
If you like my work, leave a like . Thank you!
#tradeResponsibly
Hi everyone, wasn't trading for a week, since being patient for the setup is very important.
There are a couple of entries in intraday, like what a happened during March 23, 2020 where price starts to broke out.
But not trusting this "BULL RUN" instead following the larger bias(MACRO LEVEL) of the trend which is bearish.
----------------------------------------
Reasons for shorting
Fib: Price is already at 50% retracement from larget timeframe
Price: Now near resistance of 0.04600- 0.04700
RSI: Showing signs of rejection *BEARISH DIVERGENCE*
Conclusion:
If this materializes expect another support at $0.04200 - $0.04100
else if buyers aren't exhausted yet, expect another attempt to reach $0.05100 - $0.05200
If you like my work, leave a like . Thank you!
#tradeResponsibly
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.