Cizia_Zyke

ALT/USD Showing divergence (Daily Analysis)

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BINANCE:ADAUSDT   Cardano / TetherUS
Yesterday was a good day, I took only one short on ADA because it's quite uncertain yet.

We can see these divergences on many altcoins, ADA is the one that has pumped the most (compared to other coins listed on Binance future) during the alt season, so I'm going to short this one instead of others.
I see people starting to long EOS, ATOM, ... I don't think it's the right moment. We are under resistance with lots of uncertainty and divergence.
Shorting the ones like ADA, XLM, ... are the ones that have the most bearish potential because they have pumped a lot and can retrace a lot from that previous uptrend. (quick tips to gain few % more)
This is why I share an analysis on ADA.
Big DIvergence on Daily, 4h, 1h, we are very likely to start a retracement.
Don't forget that we hardly rejected these 10500$ on Bitcoin, which is a very bearish sign, though, most people are still bullish.

I don't know when exactly I'll be shorting, but I'm searching for a short entry point right now.

May the luck be with you

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