This it's my update of my previously analysis from ADA/USD in the early. So, I'm in short position and I analyzed that Cardano touch the 0.618% Fibonacci level and important zone to continue sell.
So, I'm bearish in Cardano. I entry around $0.66 cents and I move the SL to $0.72 cents and i will share my possible targets to reach down using Fibonacci extension level. So, I see a good targets between 0.782% ($0.55 cents and 1% ($0.51 cents). So, I will hope to know what happen when ADA reach the target of 0.782% and if this broke down, I hope my completely target toward 1%.
So, this trade has a lot potential to earn in this trade.
Also, I share in my weekly timeframe a new bearish perspective that I hope to pass in the Cardano price because I see that Cardano has a lot chance to go down to $0.39 cents approx.
I hope that this idea support you!!!
So, I'm bearish in Cardano. I entry around $0.66 cents and I move the SL to $0.72 cents and i will share my possible targets to reach down using Fibonacci extension level. So, I see a good targets between 0.782% ($0.55 cents and 1% ($0.51 cents). So, I will hope to know what happen when ADA reach the target of 0.782% and if this broke down, I hope my completely target toward 1%.
So, this trade has a lot potential to earn in this trade.
Also, I share in my weekly timeframe a new bearish perspective that I hope to pass in the Cardano price because I see that Cardano has a lot chance to go down to $0.39 cents approx.
I hope that this idea support you!!!
