Cardano / BitcoinUpdated Cardano Retrace Round 2 (Bearish Divergence)
Here we go again...
Cardano (ADABTC) might have peaked.
We have strong bearish divergence with the RSI and MACD.
The divergence is marked here with a purple line.
Notice ADABTCs price closing higher while the MACD and RSI are closing lower.
The colored dashed lines (grey, green, blue) on the chart are the main/strong support levels where ADABTC can find support if prices drop.
We also have a pattern looking similar to a rising wedge.
When we have a falling wedge, a jump normally follows... With a rising wedge, a drop can come next.
Namaste.
Cardano (ADABTC) might have peaked.
We have strong bearish divergence with the RSI and MACD.
The divergence is marked here with a purple line.
Notice ADABTCs price closing higher while the MACD and RSI are closing lower.
The colored dashed lines (grey, green, blue) on the chart are the main/strong support levels where ADABTC can find support if prices drop.
We also have a pattern looking similar to a rising wedge.
When we have a falling wedge, a jump normally follows... With a rising wedge, a drop can come next.
Namaste.
Note
Complete failure on this one..."Focus on the altcoins..."
Do not short altcoins on a bullish altcoins market... Regardless of the signals.
LESSON LEARNED!
Namaste.
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🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 Long-term Success & Freedom Available Now! (Avoid future mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)
🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
🥇 Results: +10,000% (Lev.)
t.me/alansantana1111/5935
🏆 Results (Spot): t.me/anandatrades/971
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.