After a monstrous rally, Cardano might be prone for a major correction. A symmetrical triangle pattern is forming. This pattern could perform as a bearish continuation, in which case we would be seeing a large drop in price. As you can see, the 0.618 level is acting as a strong resistance and the 0.786 level has been broken a few days ago. If BTC skyrockets like it has done in the past, we might see bearish momentum for Cardano.