Bearish outlook for ADA
ADA’s outlook is bearish for the following reasons:
1. Double Bottom formation. The first top is on March 4th at 80 cents. The second top on March 14th at 81.17 cents.
2. Cardano also formed a Head and Shoulders pattern between February 17th and April 2nd.
3. ADA is. Below the short EMAs, the 21 and the 50.
Should ADA lose the 58-cent support, It could drop as low as 36 cents.
1. Double Bottom formation. The first top is on March 4th at 80 cents. The second top on March 14th at 81.17 cents.
2. Cardano also formed a Head and Shoulders pattern between February 17th and April 2nd.
3. ADA is. Below the short EMAs, the 21 and the 50.
Should ADA lose the 58-cent support, It could drop as low as 36 cents.
