In this analsysi and update, I'm still shorting Cardano from May, 15, 2022 around $0.59 cents. So, I see that the price make confluence in the 0.618% fibonacci Golden zone and this it's a good opportunity to place a sell market price now. You can to put the SL to $0.63 cents. I'm shorting Cardano from $0.58 cents approximately. My SL it's around $0.63 cents.
In Daily chart, the yesterday candlestick closed up with a bearish signal. Maybe, I suppose that Cardano could to continue very neutral in the reaction of what Bitcoin do and everything depending how the U.S. Dollar behaves in the financial market.
That it's all to share you!!!
But I hope that Cardano goes to $0.30 cents approximately. This it's my target to hit!!!
In Daily chart, the yesterday candlestick closed up with a bearish signal. Maybe, I suppose that Cardano could to continue very neutral in the reaction of what Bitcoin do and everything depending how the U.S. Dollar behaves in the financial market.
That it's all to share you!!!
But I hope that Cardano goes to $0.30 cents approximately. This it's my target to hit!!!
Note
To update, Cardano still down, you can to open a short position, put the SL to $0.58 cents and target to $0.40 cents. Also, I will decide to put my target to $0.40 cents, it's more easy for me to get profit early. IN anotherwise, Cardano could to reach to $0.30 cents
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.