Curve pattern broken. Bearish continuation. Short.

2018年8月22日

ADAUSD has broken today the supporting curve and extends its losses on a standard 1D Channel Down pattern (RSI = 34.139, MACD = -0.013, Highs/Lows = -0.0063, B/BP = -0.0137). Our last TP of this bearish leg remains 0.078501 (Dec 08, Nov 30, 2017) with 0.059995 as the extension, and unless we have a break-out above the Lower High limit of the Channel Down (indicated on the chart by the eclipse), it will be delivered by next week. If the Lower High breaks higher then Cardano should resume trading on the 1W pattern, which is also a Channel Down (Highs/Lows = -0.0353, B/BP = -0.0923) and should make a Lower High near 0.144276 before resuming the downtrend.