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Cardano / TetherUS
Short

Expecting bearish move towards 1.18 - 1.00

By mskv21
Updated
The resistance area around 1.85 seems to hold its ground for now with bearish momentum slowly gaining pace. If a bearish move continues unabated (4H chart used for confirmation) I anticipate a move down towards 1.18, an area of a strong Supply/Demand based on a weekly chart, with possible continuation of a down trend towards 1.0 area, which also coincides with an area of a Strong support.
Note
The market broke down from a triangle formation on the H4 and now heading down for TP1.
Technical IndicatorsTrend Analysis
mskv21

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