Cardano short (bearish)

Cardano / TetherUS BINANCE:ADAUSDT

Aksel_Rom

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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