Cardano (ADA): The anticipated reversal will begin with a breakout from this key chart pattern.
According to Gowanus Monster in a recent post on X, Cardano ($ADA) seems to be forming an inverse head and shoulders (H&S) pattern on the daily chart, an increasingly credible signal that could mark a significant change in the trend of its price. This bullish reversal structure, which features a lower low (head) flanked by two higher lows (shoulders), is typically observed near the end of a downtrend and often precedes a sustained upward movement.
If the price continues to respect the formation and approaches the neckline with increasing volume, it could pave the way for a breakout. This movement would constitute a solid bullish confirmation and could initiate a major upward trend.
