Pending trade: Cardano goes toward the $0.11 cents levels!!!In this analysis, Cardano it's not sure to trade in long position. Becuase we forming in weekly or 3 Daily chart an accumulation zone and today I update this par from monthly timeframe for the microtrend charts. So, in my personal opinion, Cardano not prepare to go bullish, first we would need a correction toward the $0.11 cents. In that zone, are psycological point to bought more ADA if you dont want to loosing this opportunity.
But, if you see in H8 we turn bearish!!!
But if you see that, we forming an ascendent triangle and maybe a strong correction it's possible toward the $0.11 cents.
You can see better the ascendent triangle in 3 Daily chart and this it's a pure accumulation zone!!!
So guys, I will going to still pending in this trade because Cardano goes toturn bearish and it's not a good news to put long position or you will be liquidated. So, I put a sell order limit at $0.1488 cents approximately becuase I'm so secure that ADA goes to down and not to up!!!
So, put the sell order limit at $0.1488 cents, SL: $0.1645 and my target profit will be $0.1140 cents.
Good luck!!!
