Cardano: Trend Reversal into Bearish Bias, Short Opportunity?
Updated
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!
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