🔥 ADA Bearish Head & Shoulders Break Out

A week ago I made a bearish analysis on ADA. Please check out the post below for a nice overview of the previous signal:

After making a minor reversal from $1.30, it appears that ADA is finally ready to go lower. During the $1.30 bounce, a nice head and shoulders pattern has emerged, making the near future look even more bearish.

I'm expecting a fall to at least the $1.20 area, potentially even lower towards the red area of major support. The red area would be a great opportunity to trade a quick reversal.

Happy trading!