Cardano Breakdown of 8 Month Trend: The Decision Point

Cardano is in a descending triangle formation with distinctive waves. The sub-triangles have operated as microcosms of the larger triangle suggesting that when the pattern ends, which must be soon, a large move to the upside could occur - perhaps coinciding with Cardano's listing on Coinbase and the expected achievement of key milestones in Fall 2018 that should put it in a position to take advantage of Ethereum's technological and security setbacks by mid 2019.

A descending triangle can be bearish or bullish, however, and for a variety of reasons, a break to the downside is possible too. The flat base suggests an upside break is more likely, but it is not guaranteed.