With the appearance of the deviation between price movement of Cardano cryptocurrency which formed the Double Top with MACD indicator on the 4 hour chart, although there is a sideways condition along with the appearance of Bearish 123 pattern followed bt Bearish Ross Hook (RH) as wel as the Death Cross of itsMoving Average EMA 21 & WMA 55 which is also hold on the bearish Fair value Gap area, gives the clue that in the near future, Cardano has the potential to weak until the level of 0.52096 as the main target and the level of 0.43143 as the next target, if momentum and volatility strong enough unless if on the way to those targets suddenly there is an upward correction which breaks above the level of 0.61733, then the weakness scenario that will happen on Cardano cryptocurrency will become invalid and will cancel itself.
(Disclaimer)
