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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評論:

Looks like we will hold here for awhile.

評論:

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

交易結束：目標達成:

1.05%.

Not staying in due to btc drop.

交易進行:

Short position ready

交易進行:

White trendline is target 1.

評論:

This is first weak support, bounce expected

評論:

Bounce happened as predicted, continueing down

交易結束：目標達成:

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.

手動結束交易:

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

評論:

評論:

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

評論:

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