After a monstrous rally, Cardano might be prone for a major correction. A symmetrical triangle pattern
is forming. This pattern could perform as a bearish
continuation, in which case we would be seeing a large drop
in price. As you can see, the 0.618 level is acting as a strong resistance and the 0.786 level has been broken a few days ago. If BTC
skyrockets like it has done in the past, we might see bearish
momentum for Cardano.