Hey Trader!
In this analysis, I will provide an insight into the idea of Cardano breaking bearish. We see that Cardano has had a bearish development since the all time high level at 3.104. During this development, a shoulder head shoulder formation has also emerged as recently completed. Now we have experienced that Cardano has broken several support levels and has met a lot of decline. Now Cardano is following a triangle that is most likely to break bearish. I have inserted a Fibonacci to create an overview of where Cardano may land its trend at price 0.377.
I hope this analysis was helpful for your purpose!
In this analysis, I will provide an insight into the idea of Cardano breaking bearish. We see that Cardano has had a bearish development since the all time high level at 3.104. During this development, a shoulder head shoulder formation has also emerged as recently completed. Now we have experienced that Cardano has broken several support levels and has met a lot of decline. Now Cardano is following a triangle that is most likely to break bearish. I have inserted a Fibonacci to create an overview of where Cardano may land its trend at price 0.377.
I hope this analysis was helpful for your purpose!