Cardano(ADA): Waiting For Setup To Short It!

8. Jan. 2024

After amazing drop which resulted in good gains, Cardano has been bounching from lower support zone, which might push price towards upper resistance zone (near EMAs)

We are waiting for the price to reach that zone there and looking to see how it will reach it. If everything goes according to plan, we will be looking for a short position here!

Swallow Team

9. Jan. 2024

Anmerkung

The price has been going nicely to the upper zones, testing that 200 EMA zone with close by movement.

We are looking for that upper resistance to be tested before we even consider opening a potential short position, as we might see some struggle and have a breakout that would lead the price to the upper zones!

10. Jan. 2024

Anmerkung

The ADA coin had a nice rejection after that ghost touch to 200 EMA. It failed to reach our target, which was very close, and we decided to go for early downward movement! The trade idea is canceled!

29. Jan. 2024

Anmerkung

ADA coin has had some long road but moved nicely toward that upper zone where it had a nice rejection and resulted in a nice 14% market price movement!