itsjustanalysis

Cardano (ADA) Short Idea - August 19th, 2021

Short
BINANCE:ADAUSD   Cardano
Short idea based on a double - bottom break to form a split triple-bottom off of a failed greater than 50% move higher

New short idea with a sell stop @ 2.08, profit target @ 2.00.

It may need to drop all the way down to the 1.75 value area to print some very nice hidden bullish divergence on the daily Ichimoku chart, but we'll see.
Trade closed: stop reached:
Stopped out on 3-box reversal - nice run on the long term holds though! Cardano rocketing today!

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