InvestingScope

TP hit again. More aggressive 1D Channel Down continuation. Shor

Short
BINANCE:ADAUSD   Cardano
TP = 0.1217 hit, with the 1D Channel Down (oversold RSI, STOCHRSI, Williams, CCI) bouncing off the Resistance line, making a Lower High at 0.171680 and being rejected towards the 1W support = 0.1217, since our last update. The next obvious target on 1W is the December 11th, 2017 low = 0.099141, with 0.078501 (Dec 08, Nov 30, 2017) being the next and last before new patterns need to be modeled. See on the chart however how the price is still above the middle band of the 1D Channel Down hence the less aggressive (almost neutral) MACD = -0.023, Highs/Lows = -0.0287, B/BP = -0.0556, indicating that the downside potential is big. Our TP = 0.107614.

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