In 4 hour chart, Cardano still remain in bearish trend with breakout of the previous support level.
What is more interesting in daily chart Cardano has already made Elliott Wave, what may cause the H&S formation.
Also, the idea of retesting the previous high cannot be denied.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL RECOMMENDATION. This is just my point of view on the current situation.
What is more interesting in daily chart Cardano has already made Elliott Wave, what may cause the H&S formation.
Also, the idea of retesting the previous high cannot be denied.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL RECOMMENDATION. This is just my point of view on the current situation.