The price of Cardano has formed a rising wedge pattern on the 4h time frame which has bias to break to the downside.
The break to the downside is expected to reach $1.45 - $1.50 resulting in almost a 20% drop.
MACD shows signs of exhaustion as the buying wave now lasts for 3 days, a corrective one is expected.
RSI failed to hold above 60, meaning bullish presence is not active.
Good luck!
The break to the downside is expected to reach $1.45 - $1.50 resulting in almost a 20% drop.
MACD shows signs of exhaustion as the buying wave now lasts for 3 days, a corrective one is expected.
RSI failed to hold above 60, meaning bullish presence is not active.
Good luck!
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