Testing the 1D Resistance. Long term downtrend intact.

Cardano has crossed the 4H Channel Down to the upside emphatically (overbought RSI = 78.264) and is testing the first Resistance on 1D = 0.1832. 1D is also overbought on STOCHRSI = 100, Williams = -6.422, CCI = 249.9653, Ultimate Oscillator = 71.897 but can still rise towards the second Resistance = 0.2189. In both cases, we expect a test of the lower support levels for ADAUSD, staying short (2 positions) with TP intact at 0.099141 (December 11th, 2017 low) & 0.078501 (Dec 08, Nov 30, 2017).