Aksel_Rom

Cardano short (bearish)

BINANCE:ADAUSDT   Cardano / TetherUS

Cardano has gone below most good support levels and it is therefore difficult for Cardano to rise. Cardano's strongest support level is at 1.015. Using a Fibonacci analysis, the next support level will be at 0.876 and therefore it looks like Cardano will fall around 18% (give & take).

  • Cardano has a bad support below because all the good support levels are obove.

  • Fibonacci's analysis shows that Cardano has a long way to go (Bearish).

  • Cardano just finished a shoulder head shoulder formation.

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