Cardano to 0.78Hello Traders!!
That is my new idea:
ADA is looking bearish at mid term with target 0.78
I will consider to enter a short position in ADAUSDT due to the following reasons:
-Ema 21 is crossing 55 in daily time frame
-Broke 1$ support last week
-Formed a bullish triangle in 4h time frame, it broke the lower triangle(bearish sign).
-Now the price is currently retesting the lower trend line, this points out a great entry point.
Procedure :
Entry now at 0.95
Stop order at 0.972 or 0.985
Targets 0.913 | 0.864 | 0.781
I will be glad to see what do you think in the comments.
Regards.
I express only my opinion, do always your own research before risking your capital.
This is not a financial advice.
