Cardano / Bitcoin
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Cardano Retrace Round 2 (Bearish Divergence)

3 080
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.
Nota
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.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.