CardanoShort
ADA, DOWNWARD TARJECTORY
Spy might be reaching its peak, with a potential $461 area (236 retracement) in sight.
Anticipating ADA to maintain its downward trajectory, it's also adhering to these Fibonacci levels from the last run.
If history repeats itself and we observe tight liquidity as indicated by the Volume Profile, coupled with aggressive selling, a 50% retracement, or even a 61% retracement, seems plausible.
Keeping an eye on these two areas if the upward trend line breaks, which I believe is likely.
Anticipating ADA to maintain its downward trajectory, it's also adhering to these Fibonacci levels from the last run.
If history repeats itself and we observe tight liquidity as indicated by the Volume Profile, coupled with aggressive selling, a 50% retracement, or even a 61% retracement, seems plausible.
Keeping an eye on these two areas if the upward trend line breaks, which I believe is likely.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.