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Cardano(ADA): Wait or DCA? Which one?

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ADAUSDT Perpetual Contract (BYBIT:ADAUSDT.P)  
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BYBIT:ADAUSDT.P   ADAUSDT Perpetual Contract
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTC ADA Relative Strength Index (RSI) oversold trend Bullish Patterns
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trendanalysis chartpattern indicator bitcoin btc ada relativestrengthindex oversold trend bullish
While ADA has been forming a small bullish trend, we are looking for a potential short position to happen here!

As of now, we see prices slowly building up toward that upper resistance zone, which is also aligned with the 200 EMA. Waiting is the key! (or maybe DCA is the key???)

Swallow Team
Comment:
snapshot
ADA has a nice movement to the upper resistance, where it broke compliantly the zone without any struggle.

This might be just an act of emotion from traders, and the price might come back down just as fast.

We are looking here for a breakdown (after a re-test) and a potential downward movement to follow!
Comment:
snapshot
And as mentioned, the price came down just as fast as it went up from that zone.

We had a successful breakdown from the zone, and now prices are heading slowly to lower zones here!
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