Helical_Trades

ADA/USDT : On the verge of break down !

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BINANCE:ADAUSDT   Cardano / TetherUS
ADAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

$ADA is on the verge of closing the first candle below $1 in last 1 year.
The last candle closes below $1 was happened on 24th Feb 2021 and now almost after a year; $ADA is again going to have a candle close below $1 !
However there was dipper shadows into $0.9's channel; But the wasn't any candle closes below $1 that's the big deal of bearish bias on $ADA.

I would personally rather to wait for a rejection below $0.9 to SHORT the wave into $0.45's support zone.
But it's also possible to have a taste after the confirmation below $1...

🔴 Have to mention that the majority into micro time-frame is programmed as a pull-back in $46500's NPOC as final retest; So every break below $0.9 could get invalidated as a deviation.
This could be the reason for us to ride our horses much slower into SHORTs for now...

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@Helical_Trades

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