Cardano: Trend Reversal into Bearish Bias, Short Opportunity?
Technical Analysis
ADAUSDT made a Double Top Pattern. Furthermore, ADAUSDT has broken out of the neckline Double Top . The Breakout could indicate a possible reversal or continuation. MACD Indicator also formed a death cross, indicating a potential bearish movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the Cardano /ADAUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
ADAUSDT made a Double Top Pattern. Furthermore, ADAUSDT has broken out of the neckline Double Top . The Breakout could indicate a possible reversal or continuation. MACD Indicator also formed a death cross, indicating a potential bearish movement to the target area.
All other explanations are presented in the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position in the Cardano /ADAUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Trade closed: target reached:
Achieved Target 2, Never Thought It would reach the target so soon!
Related Ideas
