It seems like a falling wedge has been recognized and ADA/USD needs a more steady impulse up to confirm a breakout.
A falling wedge suggests a price action pattern that is angled down that often signals a move up once price breaks above resistance.
ADA/USD turns higher towards the 0.315 level as downside pressure mitigates.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Sep 20
There is a rectangle appearing.
A rectangle provides a useful price signal that typically signals the bulls have run out of steam in case if price breakdown occurs.
ADA/USD set to lose more ground to the 0.251 level.
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Nov 26
There is a rising wedge encountered and the price is breaking out.
A rising wedge represents a compelling pattern that is angled up that typically spots an extension in the downward direction when price breaks out.
It is likely that a rangebound towards 0.388 will take place.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Sep 6
There is an ascending channel recognized, ADA/USD demands a bigger correction as proof of a breakdown.
An ascending channel identifies a specific price pattern that identifies the more likely potential of falling prices if price breaks below support.
There is a chance of a bearish move towards 0.255 on a break below 0.256.
Cardano: Ascending Triangle
ADA/USD,
1 hour
SHORT
May 30
We can see that the price shows an ascending triangle, the price is ready to break out.
If price breaks down, the resulting move could indicate a bullish-to-bearish trend reversal.
ADA/USD to accomodate towards 0.378.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Sep 26
An ascending channel is very close to being finished and ADA/USD needs a more bigger move as a sign of a breakout.
Once price breaks out to the the downside, the move could indicate a bearish move.
ADA/USD risks extra downside towards 0.242 on a break below 0.2435 as indicators turn bearish.
Cardano: Descending Triangle
ADA/USD,
4 hours
LONG
Apr 10
As we can see a descending triangle is revealed and the price is about to break out now.
A descending triangle identifies a useful indicator that indicates a move up if price breaks above resistance.
There is a possibility of a rangebound towards 0.395 while above 0.39 as the cryptocurrency challenges 0.39 hurdle.
Cardano: Rectangle
ADA/USD,
4 hours
SHORT
Mar 16
The price gives a rectangle.
A rectangle tends to be a price action pattern that often signals extending an downtrend if price breaks through the support.
It is possible that a bearish continuation towards 0.68 will take place.
Cardano: Bearish Flag
ADA/USD,
4 hours
SHORT
Jul 30
We can see that a bearish flag is very close to being completed.
A bearish flag indicates a next move down if price breaks down.
Decline to 0.305 is about to happen.
Cardano: Rectangle
ADA/USD,
4 hours
LONG
Sep 28
A rectangle has been identified, the price lacks a more strong move as proof of a breakout.
A rectangle often indicates a bullish price move once price breaks above resistance.
It is possible that a rangebound to 0.25 will take place.
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Feb 22
As we can see a rising wedge is detected and the price wants more strong fall as an information of a breakdown.
If price breaks down, the move could predict a sharp decline.
ADA/USD risks suffer setback to the 0.585 mark.
Cardano: Rectangle
ADA/USD,
4 hours
SHORT
Sep 8
There is a rectangle taking place and the price is going to break out soon.
In case if price collapses through the support line, the resulting move could spot a bearish price move.
It is not ruled out that a bearish move to 0.252 will be made.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Cardano · ADA/USD