CARADANO - Further Weakness 👎🏼
In our last analysis we marked out the bearish pennant and we were anticipating a breakdown back down to the 1.90 level. We broke down of the pennant and created a nice bear flag that retested the pennant and now we're making our way down.
First targets will be the -0.618 level which lines up with that major structure level you can see on the chart. Watch for bear flags on lower timeframe to take ADA down further.
First targets will be the -0.618 level which lines up with that major structure level you can see on the chart. Watch for bear flags on lower timeframe to take ADA down further.
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