In this short analysis, for who are interesting to invest in Cardano in short term, I see a potential and nice trade in this cryptocurrency to short. Cardano in H1 chart formed a little descending triangle, that it's a bearish pattern in trading rules. But there're an interesting trade to put a sell order zone. In my case, I put a sell order limti in $0.357 cents. Stop Loss to $0.375 cents and my fix target $0.30 cents.
Now, talking about in H4 timeframe, the perspective still bearish in ADA. Also, if I would gotten make analysis before, we can to enter in $0.38 cents and this trade will be spectacular to short.
Another chart it's in Daily timeframe that Cardano it's into this bearish channel since midterm August 2022 from $0.58 cents. What in general rules it's a bearish continuation, and right now, we're in the clearly bearish movement that I told you a long time that Cardano could to make a bottom around $0.22 cents as the minimum price to watch in this bear market.
So guys, I hope that this analysis support you very well and invest good in cryptocurrencies.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.