Cardano / TetherUS

Cardano double top Bearish reversal

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#ADA has printed a possible double top pattern on the daily time frame. The first peak forming with RSI overbought. This is after a significant move to the upside. Declining volume through the trough and on the second peak interestingly enough RSI not signaling overbought, indicating bearish divergence. So, with volume and momentum slowing wait for significant break of the support at .98. CONFIRM before entering any positions. I the neckline fails to hold, could mean a SERIOUS move to the downside. Hopefully previous support forms around .80 before price target of .48...

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