Cardano (ADA): Waiting For Breakdown Of Triangle Formation!Cardano is looking nice, forming a triangle, pressing both the lower and upper sides, and tightening the end gap of the triangle.
We are keeping an eye on the formation and also the EMAs here, which are indicating a potential further drop to happen here.
The reason is simple: We had a nice liquidation on April 12th, and we had some small re-tests (but they were weak), which indicate a potential further drop to happen.
So as long as we hold EMAs and move inside the triangle, we should be good for a possible downward movement here!
Swallow Team