Tez8

ADA :ST Rising Wedge Short

Short
BINANCE:ADAUSDT   Cardano / TetherUS
SUMMARY: Short, balance of probability is that it will break down.

-- Technical --
Target is $1.18 for a downwards breaks of the rising wedge - bear signal.

Stoch RSI is overbought - bearish signal

RSI probably will continue down, after previous days of appreciation.

MACD shows momentum to the downside.

If it was to break up, say with a BTC surge, then target of ADA will be $1.70.



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*Not financial advice and is for educational purposes only. Always DYOR.

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