Cardano

Target hit. Curve pattern supports. Wait for confirmation.

425
TP1 = 0.099141 (December 11th, 2017 low) hit as Cardano followed methodically the curve shape on 4H (RSI = 45.508) to a 0.8355 bottom. We now see this pattern reversing as implied by the rising curve on its way to a critical level which is 0.1157. That is our break-out point for the short term trend setting as it is the Lower High on the smaller Channel Down on 1D. If it breaks the the larger 1D Channel Down (MACD = -0.013, Highs/Lows = -0.0097, B/BP = -0.0281) should make a Lower High just above 0.1445 and then resume the downtrend. In both cases our T2 = 0.078501 (Dec 08, Nov 30, 2017) remains intact and under circumstances (if ADAUSD is rejected within the smaller Channel Down, then 0.059995). Updates will come.

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