Target near. Aggressive downtrend potential ahead.

29. Juni 2018

ADAUSD remains on a 4H downtrend (RSI = 24.746), being methodically rejected by the Higher resisting Lower High trendline of the commanding 1D Channel Down (RSI = 24.957). Although the price is near the TP = 0.107614, the bearish pace has been slower than what was expected (4H MACD = -0.006, Highs/Lows = -0.0067, B/BP = -0.0125 and 1D MACD = -0.022, Highs/Lows = -0.0226, B/BP = -0.0458). You can see on the chart that the price remains above the intermediate band (blue dots) of the 1D Channel Down. Based on the 1W Williams = -69.872, it should aggressively cross to the lower bands of the Channel Down soon, with the downside potential high. The December 11th, 2017 low = 0.099141 and 0.078501 (Dec 08, Nov 30, 2017) low are the final stages before the current approach on Cardano is reviewed.