Bearish outlook for ADA

ADA’s outlook is bearish for the following reasons:
1. Double Bottom formation. The first top is on March 4th at 80 cents. The second top on March 14th at 81.17 cents.
2. Cardano also formed a Head and Shoulders pattern between February 17th and April 2nd.
3. ADA is. Below the short EMAs, the 21 and the 50.
Should ADA lose the 58-cent support, It could drop as low as 36 cents.