Cardano
Short
Updated

Oh my sweet ADA

502
What have they done to you?

From a higher timeframe prespective, ADA is in a massive downtrend and sadly, I don't think it is near ending.

However, locally, I do think we will see lower prices. After we do so, there is a very nice confluence zone, from which I expect a reaction to happen.

Minimum bounce of 10%. Who wouldn't take that?

BTC pair looks decent short term too ;)
snapshot
Trade closed manually
BTC looking for more downside, not entering this for now
Note
I would like to elaborate on why I am not taking this trade.
See my latest post to understand what BTC is doing.
The main problem with ADA is a) BTC situation and b) the ADA/BTC pair - link attached

Will post an update when I will feel like we are ready

snapshot
Order cancelled
Haven't taken this trade nor will I - BTC not looking finished here IMO

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