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Cardano: Ascending Channel

ADA/USD, 4 hours    SHORT Sep 15
We can see that the price develops an ascending channel and ADA/USD asks for a bigger correction as a sign of a breakdown. An ascending channel describes a bearish formation that has an upward slope that is used to identify a bearish price move if price breaks down. ADA/USD to fall towards 0.34 on a breakout of the ascending channel.
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