Cardano has formed a textbook Bearish Gartley reversal pattern on the 1-hour timeframe.
Pattern Structure:
Points clearly marked: X → A → B → C → D
Point D completed near 0.2521 after a strong rally from Point A
Key Fibonacci ratios shown: 0.64, 0.766, 0.355, 1.556 — all aligning well with classic Gartley measurements
Price currently trading at 0.2495, already showing initial rejection from the D zone
The black arrow on the chart projects the expected downside move following the completion of the Bearish Gartley.
Why This Gartley Looks Valid:
Point D reached the typical 0.786 retracement area of the XA leg (standard completion zone for Gartley)
Clear “M” shape formation with proper leg proportions
Strong resistance reaction at D with mixed red/green candles
Trade Summary:
Bearish Gartley at the 0.2521 high. Price has already started moving away from D, which is a good early sign. A sustained break below 0.2480 would add strong confirmation for further downside.
Always manage risk properly — harmonic patterns have high accuracy when the structure is clean like this one, but confirmation is still key.
What do you think? Ready to short ADA or waiting for more confirmation below 0.2480?
Pattern Structure:
Points clearly marked: X → A → B → C → D
Point D completed near 0.2521 after a strong rally from Point A
Key Fibonacci ratios shown: 0.64, 0.766, 0.355, 1.556 — all aligning well with classic Gartley measurements
Price currently trading at 0.2495, already showing initial rejection from the D zone
The black arrow on the chart projects the expected downside move following the completion of the Bearish Gartley.
Why This Gartley Looks Valid:
Point D reached the typical 0.786 retracement area of the XA leg (standard completion zone for Gartley)
Clear “M” shape formation with proper leg proportions
Strong resistance reaction at D with mixed red/green candles
Trade Summary:
Bearish Gartley at the 0.2521 high. Price has already started moving away from D, which is a good early sign. A sustained break below 0.2480 would add strong confirmation for further downside.
Always manage risk properly — harmonic patterns have high accuracy when the structure is clean like this one, but confirmation is still key.
What do you think? Ready to short ADA or waiting for more confirmation below 0.2480?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.