ADA/USD: Cardano entry in this point of bear market
In this analysis that I do. Based in my own perspective. Cardano entry in the possible crash that would carry to the bear market for this cryptocurrency.
First, I very interesting to look that we following this downtrend in Daily timeframe.
And in this screenshot, I see that Cardano made this pull back, but from this point, I see a different perspective that Cardano it's in serious trouble to recover above of $1 dollar and the price it's still around $0.84 cents. So guys, I planning to short Cardano around $0.88 cents that I add a sell order limit at that price with my SL at $0.97 cents and my own target will be $0.57 cents. So I trade by Daily timeframe because I discover that this will be a excellent opportunity for who want to short cryptocurrency and following the trend.
But I'm very sure that Cardano going to the bear market
First, I very interesting to look that we following this downtrend in Daily timeframe.
And in this screenshot, I see that Cardano made this pull back, but from this point, I see a different perspective that Cardano it's in serious trouble to recover above of $1 dollar and the price it's still around $0.84 cents. So guys, I planning to short Cardano around $0.88 cents that I add a sell order limit at that price with my SL at $0.97 cents and my own target will be $0.57 cents. So I trade by Daily timeframe because I discover that this will be a excellent opportunity for who want to short cryptocurrency and following the trend.
But I'm very sure that Cardano going to the bear market