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

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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Commentaire:

Looks like we will hold here for awhile.

Commentaire:

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

Trade fermée: cible de profit atteinte:

1.05%.

Not staying in due to btc drop.

Transaction en cours:

Short position ready

Transaction en cours:

White trendline is target 1.

Commentaire:

This is first weak support, bounce expected

Commentaire:

Bounce happened as predicted, continueing down

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.

Trade fermée manuellement:

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

Commentaire:

Commentaire:

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

Commentaire:

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