Cardano breaking strong support?

Cardano / TetherUS BINANCE:ADAUSDT

Aksel_Rom

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!

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