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Cardano · ADA/USD

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Cardano: Rectangle

ADA/USD, 1 hour    SHORT 11 hours ago
It seems like the price shows a rectangle and ADA/USD demands a steady bearish action as evidence of a breakout. Once price breaks down, the move could spot a bearish move. ADA/USD to extend its setback to the 0.37 zone.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG 2 days ago
There is a descending channel found, ADA/USD asks for an active bullish move as an indication of a breakout. A descending channel denotes a useful price formation that has a downward slope that is used to identify extending an uptrend when price breaks out. ADA/USD to surge considerably towards 0.355.

Cardano: Descending Channel

ADA/USD, 1 day    LONG 6 days ago
A descending channel comes out. If price breaks out, the move could identify that prices are likely to keep rallying upward. There is a chance of a further bullish price action towards the 0.38 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: Descending Channel

ADA/USD, 1 day    LONG Jan 7
It looks like ADA/USD shows a descending channel, the price is about to break out now. A descending channel is considered to be a reliable indicator that often spots an interruption of a downtrend if price breaks through the resistance. ADA/USD aims to complete a retracement towards 0.3.

Cardano: Falling Wedge

ADA/USD, 1 day    LONG Mar 13
There is a falling wedge poping up and the price breaks out. A falling wedge indicates a downward trend is nearing its end when price breaks out. It is likely that a bullish push up towards the 0.34 mark will happen.

Cardano: Ascending Channel

ADA/USD, 1 day    SHORT Feb 25
As we can see an ascending channel is close to being complete and the price requires further strong pullback to confirm a breakout. Once price breaks through the support, the move could signal a bearish price move. ADA/USD to maintain its negative tone to 0.36.

Cardano: Rising Wedge

ADA/USD, 1 hour    SHORT Apr 10
We can see that a rising wedge materializes, ADA/USD asks for a next bigger move as a verification of a breakdown. A rising wedge tends to be an indicator that typically identifies a bearish price action in case if price breaks below support. ADA/USD looks for a setback to 1.03.

Cardano: Bearish Flag

ADA/USD, 1 hour    SHORT Mar 13
There is a bearish flag arising, the price is ready to break out now. A bearish flag is said to depict a reliable bearish price action formation that can be used to spot the more likely potential of falling prices once price breaks through the support. There is a possibility of a rangebound to 0.788.

Cardano: Ascending Channel

ADA/USD, 1 day    SHORT Feb 10
There is an ascending channel coming out and the price is close to breaking out soon. An ascending channel is a compelling price pattern that has an upward slope that typically predicts a further move down once price breaks through the support. There is a probability of a bearish continuation to the 0.3 level while below 0.36.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Dec 11
There is an ascending channel spotted and the price is ready to break out. An ascending channel identifies a signal that can be used to spot a move down in case if price collapses through the support line. A bearish push down to 0.312 about to be made on a break below 0.3128.

Cardano: Rectangle

ADA/USD, 1 hour    SHORT Apr 11
It looks like ADA/USD develops a rectangle. When price collapses through the support line, the resulting move could indicate a bearish move. A rangebound to 1.02 is going to happen on a breach of 1.026 as there is a chance of further weakness.
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