CARADANO - Further Weakness 👎🏼

In our last analysis we marked out the bearish pennant and we were anticipating a breakdown back down to the 1.90 level. We broke down of the pennant and created a nice bear flag that retested the pennant and now we're making our way down.

First targets will be the -0.618 level which lines up with that major structure level you can see on the chart. Watch for bear flags on lower timeframe to take ADA down further.