Open:
High:
Low:
Close:
RECTANGLE
Cardano
ADA/USD
1H
A rectangle is detected and the price is ready to break out.
A rectangle is a specific bearish formation that predicts an extension in the downward direction when price breaks out to the the downside.
Adausd to nosedive to 0.55 as indicators favor bears.
ASCENDING CHANNEL
Cardano
ADA/USD
4H
There is an ascending channel found and adausd requests a further bigger move as a clue of a breakout.
An ascending channel denotes a bearish chart signal that is used to indicate a bearish price move in case if price breaks below support.
Adausd to slump to 0.54.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel coming out and the price is ready to break out.
A descending channel describes a reliable bullish indicator that predicts a sharp rise if price breaks out to the the upside.
Adausd aims to complete a retracement towards the 0.58 level once above 0.576.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
A descending channel emerges, the price wants a steady move for the certainty of breakout.
In case if price breaks out, the move could spot that prices are likely to keep rallying upward.
A rangebound towards 0.58 is possible on a break above 0.57.
FALLING WEDGE
Cardano
ADA/USD
1H
There is a falling wedge detected and the price is ready to break out.
A falling wedge can be thought of as a formation that is angled down that is used to indicate a further move up if price breaks out.
Adausd to extend its advance to 0.57 on a breach of 0.562.
BEARISH FLAG
Cardano
ADA/USD
4H
There is a bearish flag revealed and the price is ready to break out.
Once price breakdown occurs, the move could predict a further move down.
Adausd to extend the correction lower towards the 0.56 zone as the cryptocurrency becomes bearish.
ASCENDING TRIANGLE
Cardano
ADA/USD
1H
There is an ascending triangle found, the price requests a next bigger bearish continuation as a signal of a breakout.
An ascending triangle typically signals a potential reversal in price action in case if price breakdown occurs.
It is possible that a bearish run towards the 0.58 level will be made while below 0.584.
SYMMETRICAL TRIANGLE
Cardano
ADA/USD
1H
There is a symmetrical triangle identified, the price is breaking out.
A symmetrical triangle is a reliable chart indicator that is used to indicate the bears have run out of steam if price breaks out.
There is a probability of a bullish continuation to 0.6 as outlook for adausd stays positive.
RISING WEDGE
Cardano
ADA/USD
1H
It seems like a rising wedge forms.
A rising wedge tends to be a bearish price signal that is used to signal a bearish price action if price collapses through the support line.
Adausd targets a move to 0.58 as bears seeking a new low.
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