Bearish Divergence Warning: Will ADA Break the Channel?

5月25日

Hello guys!

Cardano has been trading within a rising parallel channel after forming a clear Inverse Head and Shoulders pattern, triggering a bullish breakout. However, recent price action has shown signs of weakness, especially with a noticeable bearish divergence between the price and RSI.

What I see:

• The price is approaching the lower boundary of the ascending channel.
  
• A channel breakout to the downside could lead to a deeper correction toward the $0.58–$0.62 support zone (highlighted area), which aligns with previous consolidation and the neckline of the inverse H&S.
  
• If bulls defend the channel and push price higher, a potential rally toward the $0.93 resistance level remains in play.
  

⚠️ Keep an eye on the channel support and RSI behavior to anticipate the next move.

6月1日

交易進行

the channel is broken

6月1日

註釋