ACardano / Bitcoin
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ADA/BTC - Repeating Pattern (EMA 20 Break)

490
Hello friends!
We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce.
This scenario should play out within 1-2 days.

Pair: ADA/BTC
Position: Short
Entry: 0.00000489
Target: 0.00000472
Stop Loss: 0.00000497

Please use proper risk management and a stop-loss level according to your personal risk profile.
I'm available on our monetæ Trading Telegram Channel as well as on Twitter - Feel free to join me! The links are in the signature.

cheers,
cryptobuller

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accidentally used BITTREX:ADABTC
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