Downtrend resumed. New Lows ahead. Strong short.

١١ يوليو ٢٠١٨

ADAUSD broke down after completing an Inverted Head and Shoulders (curve shape) like pattern on 4H (RSI = 39.039) but on a less aggressive manner (MACD = -0.004, Highs/Lows = -0.0025, B/BP = -0.0035). Despite the significant downside potential marked by 1W, Cardano follows a more controlled Channel Down on 1D (CCI = -13.9969, Highs/Lows = 0.000), which indicates that a more violent pull down is imminent. We keep two shorts (latest added at 0.1580) with TP intact at 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).