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Cardano · ADA/USD

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Cardano: Descending Channel

ADA/USD, 4 hours    LONG Jun 21
We can see that a descending channel has been detected. A descending channel depicts a technical price formation that is used to predict that prices are likely to keep rallying upward when price breaks out. ADA/USD to enjoy a considerable gain towards 0.27.

Cardano: Falling Wedge

ADA/USD, 4 hours    LONG May 26
A falling wedge is close to completion and the price is about to break out soon. A falling wedge provides a reliable bullish indicator that results in a bullish price action when price breaks above resistance. ADA/USD turns higher to the 0.365 mark while above 0.36.

Cardano: Descending Channel

ADA/USD, 1 hour    LONG Aug 23
The price composes a descending channel and the price breaks out soon. A descending channel is a bullish chart pattern that can be used to signal price heading to a new direction when price breaks out. ADA/USD looks north to 0.265 once above 0.26.

Cardano: Bullish Flag

ADA/USD, 1 hour    LONG Jul 29
There is a bullish flag forming, ADA/USD requests more push up as a signal of a breakout. A bullish flag suggests a bullish price action indicator that can be used to predict that the price to go long once price breaks out to the the upside. ADA/USD is bullish and en route towards 0.312 once above 0.3112.

Cardano: Rising Wedge

ADA/USD, 1 hour    SHORT Aug 21
It seems like a rising wedge is close to being finished. Once price collapses through the support line, the move could indicate price heading to a new direction. ADA/USD to experience further corrective weakness towards 0.27 on a downside break.

Cardano: Pennant

ADA/USD, 1 hour    LONG May 10
As we can see a pennant is close to being done. If price breaks above resistance, the resulting move could identify a sharp rise. ADA/USD does not rule out a move to the 0.37 zone as bulls look for entries.

Cardano: Pennant

ADA/USD, 1 hour    SHORT Jun 14
There is a pennant observed and ADA/USD asks for a further steady move as an indication of a breakdown. Once price breaks down, the move could signal prices are likely to keep falling downward. ADA/USD risks potential downside towards 0.265.

Cardano: Rectangle

ADA/USD, 1 hour    LONG Oct 15
There is a rectangle spotted. A rectangle signals that the price to go long when price breaks out to the the upside. A rangebound towards the 0.249 zone stays on the cards.

Cardano: Descending Channel

ADA/USD, 4 hours    LONG Nov 2
A descending channel comes out. Once price breaks out to the the upside, the move could signal a move up. There is a probability of a bullish run to the 0.305 zone on a breakout of the descending channel as ADA/USD challenges 0.303 hurdle.

Cardano: Falling Wedge

ADA/USD, 1 hour    LONG Oct 25
It seems like a falling wedge takes place and the price is ready to break out. A falling wedge results in a potential reversal in price action when price breaks out. ADA/USD to enjoy a considerable gain towards 0.285 on a breakout of the falling wedge.

Cardano: Rising Wedge

ADA/USD, 1 hour    SHORT Oct 13
The price forms a rising wedge. A rising wedge can be thought of as a specific bearish price action pattern that has an upward slope that often results in a bearish move when price breaks through the support. ADA/USD turns lower to the 0.245 mark.

Cardano: Ascending Triangle

ADA/USD, 1 hour    SHORT Sep 3
It looks like an ascending triangle is found and the price wants bigger push down to confirm ascending triangle breakout. An ascending triangle suggests a reliable bearish price action signal that spots prices are likely to keep falling downward if price breaks through the support. There is a possibility of corrective downside towards 0.254 on impulse below 0.2552 as upside pressure seen easing.
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