Cardano: Bearish Divergence on the Daily (OBV)
Cardano has made an impressive new high; however, the OBV oscillator is SIGNIFICANTLY below previous highs, and ADA itself is showing signs of weakness today in selling off from the previous high. In fact, other leading indicator assets such as Uniswap, Ethereum, and BNB are also showing weakness, so a general dump in the crypto sector may be in order, and there are few juicier plays out there than shorting shitcoins like ADA.
The channel fib on the hourly is 1.63, so stop will be placed at 1.64.
The channel fib on the hourly is 1.63, so stop will be placed at 1.64.
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