Cardano
Short

1D Channel Down intact. Still short.

445
ADAUSD is approaching the Lower High limit on the 1D Channel Down (RSI = 43.696, MACD = -0.010) and 0.1100 should hold and be enough to reject the price towards 0.078501. If that breaks then the price will seek confirmation near the Lower High of the 1W Channel Down (MACD = -0.036, Highs/Lows = -0.0186, B/BP = -0.0814). In both occasions, Cardano will remain within its annual bear cycle and seek our lower targets of 0.078501 (Dec 08, Nov 30, 2017) with 0.059995 as the extension. Both Lower Highs can be used as short entries.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.