Bearish curve intact. Short continuation.

2 авг. 2018 г.

The bearish curve on 1D has perfectly contained ADAUSD within its bands (RSI = 38.241) and directed the price from the 0.183189 Resistance towards the 0.121695 Support. As you see on the chart since the 0.144276 pace line (green) was crossed, the drop is being decelerated in an attempt to harmonize the oversold action on 4H (ADX = 77.809, Williams = -88.242). The High 4H Volatility (ATR = 0.0053) should create a Rectangle similar to the previous one, as seen on the chart. Out targets for Cardano are untouched: TP1 = 0.099141 (December 11th, 2017 low) and TP2 = 0.078501 (Dec 08, Nov 30, 2017).