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Cardano · ADA/USD

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Cardano: Bearish Rectangle

ADA/USD, 1 day    SHORT Jan 9
There is a bearish rectangle recognized and the price is going to break out soon. A bearish rectangle often spots a further move down when price collapses through the support line. Decline to the 1.1 level is probable.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Oct 26
It seems like an ascending channel arises and the price is about to break out now. An ascending channel predicts a further move down if price breaks through the support. It is possible that a move to the 2.14 level will take place.

Cardano: Rectangle

ADA/USD, 1 day    LONG Aug 8
There is a rectangle observed, the price is ready to break out. Once price breaks out to the the upside, the resulting move could signal that prices are likely to keep rallying upward. ADA/USD turns higher towards the 1.6 mark.

Cardano: Symmetrical Triangle

ADA/USD, 1 hour    SHORT 3 days ago
It looks like a symmetrical triangle is almost done, ADA/USD calls for a bigger move for the certainty of breakout. A symmetrical triangle can be thought of as a useful bearish price action indicator that is used to indicate extending an downtrend in case if price breaks out to the the downside. There is a probability of corrective downside to 1.34 on a breakdown of the symmetrical triangle.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG 36 hours ago
A descending channel has been spotted, the price requires a bit more consolidation to confirm a breakout. A descending channel is believed to be a technical bullish formation that is used to spot a sharp rise once price breaks out. It is likely that a bullish push up to the 1.2 level will take place as bulls looking for profit.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Nov 15
An ascending channel is nearing completion. An ascending channel indicates a move down when price breakdown occurs. ADA/USD dives out bullish trendline to the 2.02 zone on impulse below 2.03 as extra rangebound not ruled out.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG Oct 20
It seems like a descending channel is close to being done and ADA/USD expects a more active move as a signal of a breakout. A descending channel depicts a price formation that can be used to indicate a change in the prevailing trend in case if price breaks out. A bullish price action to 2.13 about to be made while above 2.12 as bulls look for entries.

Cardano: Ascending Triangle

ADA/USD, 1 hour    LONG Nov 8
It looks like ADA/USD composes an ascending triangle. An ascending triangle often predicts a next move up if price breaks above resistance. It is likely that a bullish price action to the 2.08 level will be made as there is a chance for a upside correction.

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.

Cardano: Rectangle

ADA/USD, 1 hour    LONG Oct 20
We can see that a rectangle is close to being complete. If price breaks above resistance, the resulting move could spot that the price to go long. It is likely that a bullish continuation towards the 2.18 mark will happen.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG Dec 26
A descending channel is close to completion, the price is ready to break out now. A descending channel can be thought of as a compelling price action pattern that is used to spot a further move up if price breaks through the resistance. A bullish continuation towards 1.47 is a possibility on a breach of 1.458 amid ADA/USD recovers from recent lows.

Cardano: Symmetrical Triangle

ADA/USD, 1 hour    SHORT Nov 23
There is a symmetrical triangle forming and the price is breaking out. A symmetrical triangle typically identifies that the price to go short once price breaks out. ADA/USD set to extend its decline towards 1.76 on a breakout of the symmetrical triangle.
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