Hey Trader!

In this analysis, I will give you an insight into how Cardano could develop in the near future. 02 Sep ’21 we saw an impressive all time high level at 3.116. The price reached the very positive all time high as a result of a solid bullish trend . If we then look at the negative progress here lately, we can conclude that Cardano is moving within a triangle and could very well want to break in two directions: Bullish or Bearish. If Cardano breaks Bullish we will see a trend with a new all time high level, but if Cardano breaks bearish the price has to fall far to find a previous support.

I hope you got some helpful inspiration from this analysis!