Cardano / TetherUSShort
Cardano bearish flag TGT 0.3055
The Trader!
This analysis is based on the idea of a bearish flag. As the analysis visualizes, the red resistance and green support lines encircle this flag formation. In addition, a series of resistance levels are drawn at 0.3997, and 0.3866 respectively. In addition, a number of support levels are plotted at 0.3651, 0.3471, and 0.3256. In addition, the idea is based on a bearish breakout where a target at 0.3055 can be determined with the help of the tool, Fibonacci. This analysis can therefore conclude that Cardano has the potential to reach a bearish target where speculators could consider creating a short position on the crypto market.
I hope this analysis was instructive and that it can be used to consider where the price of Cardano is potentially headed.
This analysis is based on the idea of a bearish flag. As the analysis visualizes, the red resistance and green support lines encircle this flag formation. In addition, a series of resistance levels are drawn at 0.3997, and 0.3866 respectively. In addition, a number of support levels are plotted at 0.3651, 0.3471, and 0.3256. In addition, the idea is based on a bearish breakout where a target at 0.3055 can be determined with the help of the tool, Fibonacci. This analysis can therefore conclude that Cardano has the potential to reach a bearish target where speculators could consider creating a short position on the crypto market.
I hope this analysis was instructive and that it can be used to consider where the price of Cardano is potentially headed.
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