CardanoShort
ADA/USD Sell Opportunity?
If you have been following my analyses on ADA/USD, you know that my favorite crypto pair to analyze and predict future moves for the whole cryptocurrency market is Cardano.
In my previous analysis, I predicted the end of Cardano's 5th wave to the upside which reached 2.43000, and we know that after finishing 5 waves up, we expect at least a correction to the downside before thinking about any change in trend.
Now looking at the 4H chart, ADA/USD finished 5 waves inside the triangle (ABCDE) and retested it with a bearish continuation formation, hence I think that the price may continue for more downside towards possibly retesting 1.10000 as our first target.
In my previous analysis, I predicted the end of Cardano's 5th wave to the upside which reached 2.43000, and we know that after finishing 5 waves up, we expect at least a correction to the downside before thinking about any change in trend.
Now looking at the 4H chart, ADA/USD finished 5 waves inside the triangle (ABCDE) and retested it with a bearish continuation formation, hence I think that the price may continue for more downside towards possibly retesting 1.10000 as our first target.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.