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Cardano · ADA/USD

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Cardano: Descending Triangle

ADA/USD, 4 hours    SHORT 3 days ago
A descending triangle is almost finished. If price breaks through the support, the resulting move could predict an extension in the downward direction. There is a chance of extra downside to 2.3.

Cardano: Rectangle

ADA/USD, 1 hour    SHORT Sep 7
It looks like ADA/USD develops a rectangle and ADA/USD expects a further steady correction as an indication of a breakout. A rectangle is considered to be a compelling signal that indicates a bearish price move if price breakdown occurs. ADA/USD to continue lower towards 2.8.

Cardano: Rectangle

ADA/USD, 4 hours    SHORT 36 hours ago
A rectangle develops, the price wants a move as an information of a breakout. A rectangle is considered to be a specific chart indicator that spots that the price to go short once price breaks out to the the downside. ADA/USD set to extend its decline to 2.3 as bears looking for downside correction.

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: Ascending Channel

ADA/USD, 1 hour    SHORT Sep 6
There is an ascending channel uncovered, the price needs a next strong move as an indication of a breakout. An ascending channel identifies an indicator that typically signals an extension in the downward direction when price breaks down. A bearish move towards the 2.82 zone looks probable as the mood may get worse.

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 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: Rectangle

ADA/USD, 1 hour    SHORT 36 hours ago
There is a rectangle coming out and the price lacks a further strong move for clear breakout confirmation. A rectangle typically spots a bearish price move when price breaks down. ADA/USD set to plunge towards 2.34.

Cardano: Descending Channel

ADA/USD, 1 day    LONG Jul 29
There is a descending channel detected and the price requests a more active move as proof of a breakout. Once price breaks out to the the upside, the resulting move could signal a further move up. There is a possibility of a rangebound to 1.5 on a breach of 1.3.
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