Hey Trader!
In this analysis, I want to show why it's time to short Cardano. We have a resistance level at 1.382 which is a resistance level in the latest bearish trend. If we then look at the recent past we see a head shoulder head formation which ended bearish. Cardano is going to fall a lot more because there is not a solid support where the price can get a support push. This means that Cardano will fall and move in a triangle which it will then break.
I hope this analysis inspired you!
In this analysis, I want to show why it's time to short Cardano. We have a resistance level at 1.382 which is a resistance level in the latest bearish trend. If we then look at the recent past we see a head shoulder head formation which ended bearish. Cardano is going to fall a lot more because there is not a solid support where the price can get a support push. This means that Cardano will fall and move in a triangle which it will then break.
I hope this analysis inspired you!