ADA/USD: Reaction in the 0.618% Fibonacci

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In this analsysi and update, I'm still shorting Cardano from May, 15, 2022 around $0.59 cents. So, I see that the price make confluence in the 0.618% fibonacci Golden zone and this it's a good opportunity to place a sell market price now. You can to put the SL to $0.63 cents. I'm shorting Cardano from $0.58 cents approximately. My SL it's around $0.63 cents.



In Daily chart, the yesterday candlestick closed up with a bearish signal. Maybe, I suppose that Cardano could to continue very neutral in the reaction of what Bitcoin do and everything depending how the U.S. Dollar behaves in the financial market.

That it's all to share you!!!

But I hope that Cardano goes to $0.30 cents approximately. This it's my target to hit!!!

٢٠ مايو ٢٠٢٢

ملاحظة

To update, Cardano still down, you can to open a short position, put the SL to $0.58 cents and target to $0.40 cents. Also, I will decide to put my target to $0.40 cents, it's more easy for me to get profit early. IN anotherwise, Cardano could to reach to $0.30 cents