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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Cardano · ADA/USD