Hello traders , i Hope you doing well i hope you doing great and making money 🐱🏍🐱🏍 Cardano is creating a head and shoulders formation and thats really good for potential bearish trend Price first has reached a key level 1.2 $ where there is an order block(demand zone) on and that will create and impusle price swing up to another key level 2.0 $ wish where there is a bearish order block ( supply zone ) and it looks like a clear head and shoulders formation and according to that pattern price will jump to the down side from that level (2.0$) And the target is 0.5$ price level where there is an imbalance and that means market makers looking to rebalance price and then we gonna see another bullish trend on cardano wish will be bigger than the previous one If you like my analysis please hit that like button and leave a comments and lets me know your opinion and i will keep updating Wish you good luck and good trading 👌👌
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.