Cardano Slips under the BB Midline - 12/11/2017

ADA slipped under the midline of the Bollinger Bands, which is the 21 day moving average. Although that is not a great sign for the bulls, so far price has respected the support level of 689 Satoshis. The haDelta though is still very much in the red. The Bollinger Bands are also really wide apart and we may need some time for them to contract and create enough pressure for the next wave up. Finally, price is also ranging within the large green candle from 11/28/2017.

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Disclaimer: This post is for educational purposes only. Trading is at your own risk.