Cardano(ADA): Wait or DCA? Which one?

While ADA has been forming a small bullish trend, we are looking for a potential short position to happen here!

As of now, we see prices slowly building up toward that upper resistance zone, which is also aligned with the 200 EMA. Waiting is the key! (or maybe DCA is the key???)

Swallow Team

Kommentar:

ADA has a nice movement to the upper resistance, where it broke compliantly the zone without any struggle.

This might be just an act of emotion from traders, and the price might come back down just as fast.

We are looking here for a breakdown (after a re-test) and a potential downward movement to follow!

Kommentar:

And as mentioned, the price came down just as fast as it went up from that zone.

We had a successful breakdown from the zone, and now prices are heading slowly to lower zones here!