Hey Trader!
In this analysis, I will show you how Cardano is possibly going to break Strong support. Since the all time high at 3.108, Cardano has had a bearish trend. Since then, Cardano has broken several support levels. Now is the last and strongest support level relevant to Cardano is Strong Support. Cardano has formed a rectangle which seems to break bearish very soon. When the triangle is broken, it will drop to 1.414 as Fibonacci indicates.
I hope this analysis inspired you!
In this analysis, I will show you how Cardano is possibly going to break Strong support. Since the all time high at 3.108, Cardano has had a bearish trend. Since then, Cardano has broken several support levels. Now is the last and strongest support level relevant to Cardano is Strong Support. Cardano has formed a rectangle which seems to break bearish very soon. When the triangle is broken, it will drop to 1.414 as Fibonacci indicates.
I hope this analysis inspired you!