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April 16, 2026
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Cardano bearish S-H-S-Formation

Cardano bearish S-H-S-Formation

Cardano bearish S-H-S-Formation

Cardano bearish S-H-S-Formation

Cardano / TetherUS BINANCE:ADAUSDT
Aksel_Rom


Cardano bearish S-H-S-Formation

Hey Trader!

In this analysis I will show you how Cardano is in the process of completing a Shoulder Head Shoulder formation which will result in a bearish trend .

Now that Cardano is embarking on a bearish shoulder head formation, we can see that it will break the previous support level at the left shoulder. If Cardano falls below this point it will also break the strong support level at 0.746.

Happy trading shorting Cardano Trader!

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