Cardano Bearish triangle
Hey Trader!
In this analysis I will show why Cardano is in sell and what the next big change in price may be. We saw earlier that Cardano broke the strong support level. This means that Cardano has no place to get support within a range that is close. We have since the all time high level at 3.116 seen a bullish trend and a recently completed shoulder heat shoulder formation. Now Cardano follows a triangle which will break and fall all the way down to an old support level at 0.342.
I hope you got some constructive inspiration from this analysis!
In this analysis I will show why Cardano is in sell and what the next big change in price may be. We saw earlier that Cardano broke the strong support level. This means that Cardano has no place to get support within a range that is close. We have since the all time high level at 3.116 seen a bullish trend and a recently completed shoulder heat shoulder formation. Now Cardano follows a triangle which will break and fall all the way down to an old support level at 0.342.
I hope you got some constructive inspiration from this analysis!
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.