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Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Jun 5
An ascending channel takes place and ADA/USD demands a next active bearish action as an indication of a breakout. An ascending channel can be thought of as a specific bearish price formation that is used to identify extending an downtrend when price breaks out. It is not ruled out that a bearish push down to the 0.374 mark will take place as risk reversal sheds bullish bias.
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