In this short analysis, for who are interesting to invest in Cardano in short term, I see a potential and nice trade in this cryptocurrency to short. Cardano in H1 chart formed a little descending triangle, that it's a bearish pattern in trading rules. But there're an interesting trade to put a sell order zone. In my case, I put a sell order limti in $0.357 cents. Stop Loss to $0.375 cents and my fix target $0.30 cents.
Now, talking about in H4 timeframe, the perspective still bearish in ADA. Also, if I would gotten make analysis before, we can to enter in $0.38 cents and this trade will be spectacular to short.
Another chart it's in Daily timeframe that Cardano it's into this bearish channel since midterm August 2022 from $0.58 cents. What in general rules it's a bearish continuation, and right now, we're in the clearly bearish movement that I told you a long time that Cardano could to make a bottom around $0.22 cents as the minimum price to watch in this bear market.
So guys, I hope that this analysis support you very well and invest good in cryptocurrencies.
Now, talking about in H4 timeframe, the perspective still bearish in ADA. Also, if I would gotten make analysis before, we can to enter in $0.38 cents and this trade will be spectacular to short.
Another chart it's in Daily timeframe that Cardano it's into this bearish channel since midterm August 2022 from $0.58 cents. What in general rules it's a bearish continuation, and right now, we're in the clearly bearish movement that I told you a long time that Cardano could to make a bottom around $0.22 cents as the minimum price to watch in this bear market.
So guys, I hope that this analysis support you very well and invest good in cryptocurrencies.
