First of all, Cardano broke the bullish channel created weeks ago, which could bring us to the last channel again.
Second, heads and shoulders formation makes it even more bearish.
Third, BTC did not broke the 40k resistance yet and could go even lower, even though the fight with the resistance we are seeing right now.
Conclusion: I am out of the market until I see a new bullish confirmation on ADA. I am not shorting during the bull market though.
Good trading everyone, leave your thoughts.
Second, heads and shoulders formation makes it even more bearish.
Third, BTC did not broke the 40k resistance yet and could go even lower, even though the fight with the resistance we are seeing right now.
Conclusion: I am out of the market until I see a new bullish confirmation on ADA. I am not shorting during the bull market though.
Good trading everyone, leave your thoughts.
