There is a descending triangle taking place, the price is ready to break out.
A descending triangle typically identifies the more likely potential of rising prices when price breaks above resistance.
A bullish price action towards 0.65 is on the cards while above 0.646 amid rising bets for the move.
Cardano: Symmetrical Triangle
ADA/USD,
1 hour
SHORT
Apr 12
It looks like a symmetrical triangle is close to being completed and the price is close to breaking out.
A symmetrical triangle suggests a compelling price action pattern that identifies prices are likely to keep falling downward if price breakdown occurs.
A move towards the 0.575 level is likely on a breach of 0.581.
Cardano: Bearish Flag
ADA/USD,
4 hours
SHORT
2 days ago
There is a bearish flag identified and ADA/USD requests a more steady move to confirm bearish flag breakout.
A bearish flag denotes a signal that can be used to identify prices are likely to keep falling downward when price collapses through the support line.
ADA/USD violates bullish trendline towards 0.45.
Cardano: Descending Triangle
ADA/USD,
4 hours
LONG
Jul 10
A descending triangle is almost done, the price is close to breaking out now.
A descending triangle results in a bullish price action if price breaks out.
ADA/USD to jump towards the 0.295 level on a break above 0.289.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Jul 13
It seems like a descending channel is almost done.
A descending channel suggests a compelling chart formation that can be used to indicate that the price to go long in case if price breaks above resistance.
ADA/USD to head towards the 0.292 level on a breakout of the descending channel.
Cardano: Bearish Flag
ADA/USD,
4 hours
SHORT
Apr 10
A bearish flag is very close to being finished.
In case if price breaks through the support, the move could signal a further move down.
ADA/USD challenges a move to 0.57 once below 0.575 as bears look for entries.
Cardano: Bullish Flag
ADA/USD,
4 hours
LONG
Dec 2
It looks like a bullish flag occurs.
When price breaks out to the the upside, the resulting move could signal a change in price direction.
ADA/USD to resume its rise towards the 0.395 mark.
Cardano: Falling Wedge
ADA/USD,
1 hour
LONG
Mar 21
We can see that ADA/USD establishes a falling wedge, the price needs a next strong move as evidence of a breakout.
A falling wedge suggests a reliable bullish formation that is angled down that is used to identify a next move up in case if price breaks above resistance.
ADA/USD to strengthen towards 0.345.
Cardano: Rectangle
ADA/USD,
4 hours
SHORT
Mar 15
There is a rectangle distinguished, the price needs a bigger correction as a signal of a breakdown.
A rectangle can be thought of as a useful indicator that spots a bearish price move if price breaks below support.
A bearish continuation to the 0.7 zone looks possible on a breakout of the rectangle as ADA/USD becomes weak.
Cardano: Bullish Flag
ADA/USD,
1 hour
LONG
Jul 13
There is a bullish flag coming out.
A bullish flag identifies a move up once price breaks through the resistance.
ADA/USD hints a change to the upside towards 0.292 on a breach of 0.291.
Cardano: Bearish Flag
ADA/USD,
1 hour
SHORT
Sep 9
There is a bearish flag recognized, the price requires a further active bearish impulse as an information of a breakdown.
A bearish flag can be thought of as a specific chart formation that typically signals a bearish move in case if price collapses through the support line.
ADA/USD set to lose more ground to 0.2535 as ADA/USD is at a brink of a bearish breakout.
Cardano: Bearish Flag
ADA/USD,
4 hours
SHORT
Sep 7
We can see that a bearish flag materializes.
In case if price breaks down, the resulting move could indicate that the price to go down.
Decline to the 0.252 level about to be made on a breach of 0.254.
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Cardano · ADA/USD