Bearish divergence everywhere.
It's originally evident on the daily chart and confirmed on the 4hour chart.
Bearish on the climb, and bearish on the the MACD.
Upside: most cryptocurrencies, at the first sign of bearish activity, drop like a rock. Being that even after 2 attempts (candles) to short Cardano, it kept rising.
If we do go into a correction period, I foresee ADA correcting to then rebounding past our planned short at $.90. If this rebound takes us to the end of February, then I can see the price going past a dollar and into ATH. Coinciding with the full implementation of Goguen.
I'm going to remain neutral right now. IF Cardano even dips, I'm going to buy the dip at the 2nd confirming upside candle on the 1hr chart. And standby for the Moon.
If Cardano continues to climb, and this is our correction then I'm going to DCA into a larger bag.
Enjoy the ride.
Happy trading my friends.
NOT FINANCIAL ADVICE.
It's originally evident on the daily chart and confirmed on the 4hour chart.
Bearish on the climb, and bearish on the the MACD.
Upside: most cryptocurrencies, at the first sign of bearish activity, drop like a rock. Being that even after 2 attempts (candles) to short Cardano, it kept rising.
If we do go into a correction period, I foresee ADA correcting to then rebounding past our planned short at $.90. If this rebound takes us to the end of February, then I can see the price going past a dollar and into ATH. Coinciding with the full implementation of Goguen.
I'm going to remain neutral right now. IF Cardano even dips, I'm going to buy the dip at the 2nd confirming upside candle on the 1hr chart. And standby for the Moon.
If Cardano continues to climb, and this is our correction then I'm going to DCA into a larger bag.
Enjoy the ride.
Happy trading my friends.
NOT FINANCIAL ADVICE.
