Cardano in a Rising Wedge.

The price of Cardano has formed a rising wedge pattern on the 4h time frame which has bias to break to the downside.

The break to the downside is expected to reach $1.45 - $1.50 resulting in almost a 20% drop.

MACD shows signs of exhaustion as the buying wave now lasts for 3 days, a corrective one is expected.

RSI failed to hold above 60, meaning bullish presence is not active.

Good luck!