ADAUSD - UPDATE FOR COMING WEEKas the weeks go by i am getting more optimistic with certain crypto. anyways am look at this moving higher this coming week
Adausdshort
ADA short position for +19% gainHi everyone,
Just a brief post to show where I entered a short position (red boxes), where I will add to it, and where I will close it (if everything goes to plan). One thing I think people who hold a bullish perspective must admit is that right now the price is facing a lot of resistance to rising. This is why after entering in the first red box at the 0.618 fib retracement level, I added to my position in the second red box (above). While, my initial red box was slightly low in view of the price action, I haven't been stopped out in 3 days of weak price action (my stop is just above the wave 5 high). Now, the loss in upward momentum is switching so I thought I would float my short position out there.
Please don't infer my view on Cardano as a project from this position - which is 100% based on technical analysis of ADA and BTC price action.
In my view, we have seen the end of wave B, with wave C now commencing. If I am right then I should net a 19% gain in a couple of days. If I am wrong I will update. This is posted for my own education and isn't financial advice. Let's see how I go... Thanks for viewing.
ADA the same as other Altcoins, but very differentADA looks like its going through the path of continuing to fall as it crossed 2 support lines and touched them shortly after. Unlike BTC, BCH or ETH there its more likely to see another fall until a reversal.
Let me know if you think ADA is different to other altcoins
ADAUSD to come to a deciding area for upcoming week ~100 PipsCadrano (ADA) is closing to an area to decide the direction for the next week. In the wake of BTC news, looks more plausible to go short, but markets can be unpredictable.
ADAUSDT. Trend forecast by Matthew
To make predictions about another member's request. The bullish trend formed ascending channel. Another wave of growth I think is in the bag. Put likes and subscribe, and also write to me if you want to see something else
