1D Resistance held. Long term downtrend intact.

Cardano was rejected under the selling pressure of the 1D 0.1832 Resistance with the chart now neutral (STOCH = 48.832, ADX = 18.447, Highs/Lows = 0) on a curve pattern that is about to breakout lower. 4H is already selling above the SMA50 = 0.17126 targeting the SMA200 = 0.14954. We still expect a test of the lower support levels for ADAUSD, TP1 = 0.099141 (December 11th, 2017 low) and TP2 = 0.078501 (Dec 08, Nov 30, 2017).