CardanoShort
Downward Pressure *Likely* to Continue for Cardano
Notice:
- Red RSI is below level 50 in the 12 Hr
- Red RSI turning back down on the 3 HR
- Blue LSMA on 12 HR is turning down, increasing chance of bands expanding
Current Race:
- Red RSI in the 45 minute has crossed below 50, triggering race between 45 and 90 minute
- Red RSI in the 90 minute is turning down and seems likely to go below 50
Thoughts:
- Range bound between the yellow basis and the lower aqua
- If downward pressure continues in shorter time frames possibly bands expand and we head lower to the lower orange, potentially wick the red
- Staying in cash for now, some orders for me scattered to accumulate next dip (if it dips) in the 0.2375 to 0.2525 range
Watch BTC as that may guide us either direction!
NOT FINANCIAL ADVICE, Stay awesome! :)
- Red RSI is below level 50 in the 12 Hr
- Red RSI turning back down on the 3 HR
- Blue LSMA on 12 HR is turning down, increasing chance of bands expanding
Current Race:
- Red RSI in the 45 minute has crossed below 50, triggering race between 45 and 90 minute
- Red RSI in the 90 minute is turning down and seems likely to go below 50
Thoughts:
- Range bound between the yellow basis and the lower aqua
- If downward pressure continues in shorter time frames possibly bands expand and we head lower to the lower orange, potentially wick the red
- Staying in cash for now, some orders for me scattered to accumulate next dip (if it dips) in the 0.2375 to 0.2525 range
Watch BTC as that may guide us either direction!
NOT FINANCIAL ADVICE, Stay awesome! :)
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