There is a rectangle forming, the price is close to breaking out.
A rectangle is a technical bearish price action pattern that often indicates a next move down in case if price collapses through the support line.
ADA/USD to extend the correction lower towards the 0.425 mark.
Cardano: Ascending Triangle
ADA/USD,
4 hours
SHORT
Apr 1
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Mar 27
A rising wedge turns up.
If price breaks down, the resulting move could identify a break during an uptrending market.
A further rangebound towards 0.35 looks likely.
Cardano: Descending Triangle
ADA/USD,
4 hours
SHORT
Aug 13
There is a descending triangle happening and the price needs next strong push down as a sign of a breakout.
A descending triangle identifies a compelling chart signal that typically indicates extending an downtrend when price breaks through the support.
A rangebound to the 0.288 zone looks possible as bears looking for profit.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Mar 27
There is a rectangle recognized, the price expects steady pullback for the certainty of breakout.
In case if price breaks below support, the move could predict a sharp decline.
It is likely that a bearish run to 0.65 will form on a downside break.
Cardano: Ascending Channel
ADA/USD,
1 day
SHORT
Mar 20
An ascending channel has been diagnosed, ADA/USD needs a further strong bearish impulse to confirm a breakdown.
An ascending channel identifies a compelling bearish formation that is used to spot a bearish move when price collapses through the support line.
A bearish move towards 0.6 is on the way as indicators turn bearish.
Cardano: Falling Wedge
ADA/USD,
4 hours
LONG
Jul 28
It seems like a falling wedge has been recognized and ADA/USD needs a more steady impulse up to confirm a breakout.
A falling wedge suggests a price action pattern that is angled down that often signals a move up once price breaks above resistance.
ADA/USD turns higher towards the 0.315 level as downside pressure mitigates.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Sep 20
There is a rectangle appearing.
A rectangle provides a useful price signal that typically signals the bulls have run out of steam in case if price breakdown occurs.
ADA/USD set to lose more ground to the 0.251 level.
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Nov 26
There is a rising wedge encountered and the price is breaking out.
A rising wedge represents a compelling pattern that is angled up that typically spots an extension in the downward direction when price breaks out.
It is likely that a rangebound towards 0.388 will take place.
Cardano: Ascending Triangle
ADA/USD,
1 hour
SHORT
May 30
We can see that the price shows an ascending triangle, the price is ready to break out.
If price breaks down, the resulting move could indicate a bullish-to-bearish trend reversal.
ADA/USD to accomodate towards 0.378.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Sep 26
An ascending channel is very close to being finished and ADA/USD needs a more bigger move as a sign of a breakout.
Once price breaks out to the the downside, the move could indicate a bearish move.
ADA/USD risks extra downside towards 0.242 on a break below 0.2435 as indicators turn bearish.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Sep 6
There is an ascending channel recognized, ADA/USD demands a bigger correction as proof of a breakdown.
An ascending channel identifies a specific price pattern that identifies the more likely potential of falling prices if price breaks below support.
There is a chance of a bearish move towards 0.255 on a break below 0.256.
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Cardano · ADA/USD