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Cardano · ADA/USD

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Cardano: Pennant

ADA/USD, 1 hour    SHORT May 18
As we can see a pennant turns up, the price is ready to break out. A pennant often identifies a next move down if price breaks below support. A move towards 1.9 is about to happen.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG May 5
A descending channel is almost done and the price is going to break out soon. A descending channel describes a specific price action indicator that is used to indicate that the price to go up once price breaks through the resistance. ADA/USD to push up towards the 1.36 mark once above 1.33.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG May 5
There is a descending channel arising and ADA/USD demands an active move for clear breakout confirmation. A descending channel denotes a compelling formation that has a downward slope that spots a further move up if price breaks through the resistance. There is a chance of a bullish price action towards the 1.38 mark amid rising bets for the move.

Cardano: Bearish Flag

ADA/USD, 1 hour    SHORT Jun 7
There is a bearish flag occuring, the price lacks a bigger move to confirm a breakdown. When price breaks through the support, the resulting move could spot a break during an uptrending market. There is a chance of extra downside towards 1.66 on a downside break.

Cardano: Rectangle

ADA/USD, 1 hour    SHORT Jun 7
As we can see a rectangle is almost completed, the price needs a bigger correction as an information of a breakdown. A rectangle depicts a technical bearish pattern that identifies a bearish price move if price breaks through the support. It is possible that a bearish continuation towards the 1.62 zone will take place as ADA/USD becomes vulnerable.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG 16 hours ago
There is a descending channel taking place. If price breaks out, the resulting move could signal a next move up. It is not ruled out that a bullish continuation to 1.4 will take place on a breakout of the descending channel.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG May 9
We can see that the price gives a descending channel, the price is ready to break out soon. A descending channel describes a specific bullish chart signal that often spots that the price to go long in case if price breaks out. A bullish push up to 1.66 is not ruled out as ADA/USD becomes bid.

Cardano: Pennant

ADA/USD, 1 hour    LONG May 14
It looks like a pennant is exposed, the price is close to breaking out. A pennant can be thought of as a specific bullish signal that spots a bullish price action once price breaks through the resistance. A bullish push up to 2.05 is likely.

Cardano: Ascending Triangle

ADA/USD, 1 hour    SHORT 3 days ago
There is an ascending triangle coming out and ADA/USD needs a more bigger move as a clue of a breakout. An ascending triangle suggests a price signal that often identifies that the price to go down if price breaks through the support. A bearish price action towards the 1.39 zone is on the cards on a breakout of the ascending triangle.

Cardano: Descending Triangle

ADA/USD, 1 hour    SHORT Jun 16
As we can see a descending triangle is close to being completed and the price is about to break out now. A descending triangle is considered to be a formation that can be used to identify a bearish price action if price collapses through the support line. There is a possibility of a bearish move towards 1.53.

Cardano: Bullish Flag

ADA/USD, 4 hours    LONG May 5
A bullish flag has been observed. If price breaks out, the move could predict that the price to go up. ADA/USD looks ready to further extend its gains to the 1.4 level.

Cardano: Bullish Rectangle

ADA/USD, 4 hours    LONG May 13
We can see that a bullish rectangle is almost completed, the price asks for a more active move as proof of a breakout. A bullish rectangle spots a next move up when price breaks above resistance. ADA/USD to resume its rise to 2.
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