Cardano - Intraday - We look to Sell a break of 1.998 (stop at 2.057)
Trades with a bearish descending triangle formation.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Posted a Double Top formation.
Pivot resistance is at 2.250.
A break of bespoke support at 2.000, and the move lower is already underway.
Our profit targets will be 1.825 and 1.785
Resistance: 2.150 / 2.200 / 2.250
Support: 2.050 / 2.000 / 1.950
Trades with a bearish descending triangle formation.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Posted a Double Top formation.
Pivot resistance is at 2.250.
A break of bespoke support at 2.000, and the move lower is already underway.
Our profit targets will be 1.825 and 1.785
Resistance: 2.150 / 2.200 / 2.250
Support: 2.050 / 2.000 / 1.950
Trade active
Trade closed manually:
Closed flat.
