Cardano (ADA) Looking for a good short entry, long also possible

10 août 2018

Cardano has formed a head and shoulders pattern followed by rejection of the trendline and red cloud. If I were looking at the chart alone, I would be shorting, but RSI tells us the rising support at the base, so a long is equally possible. Stoch has room to run too, so at the very least we could be holding the current price.

If this break the white base I believe you should short. I recently got into Bitmex and now I am able to make money in this market way more easily.

Short target at:
1800 satoshi's.

If the long scenario happens, the 1860 level must be broken convincingly for me to go long.

Long target at:
1930 satoshi's

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10 août 2018

Note

Looks like we will hold here for awhile.

10 août 2018

Note

Longer we hold more possibility for a bullish break of the cloud

10 août 2018

Trade fermée: cible de profit atteinte

1.05%.

Not staying in due to btc drop.

10 août 2018

Transaction en cours

Short position ready

11 août 2018

Transaction en cours

White trendline is target 1.

11 août 2018

Note

This is first weak support, bounce expected

11 août 2018

Note

Bounce happened as predicted, continueing down

11 août 2018

Trade fermée: cible de profit atteinte

I closed my short, moving onto BTC now, you may choose to stay in if you believe it will continue to drop.

Shorting ADA is getting more risky now.

13 août 2018

Trade fermée manuellement

If you still are shorting ADA, close now and wait for move first.

13 août 2018

Note

13 août 2018

Note

On Aug 11 when I closed my short price has 1.67% move. Got lucky.

13 août 2018

Note

I believe another 1% upside move is coming. New chart has been posted.