Open:
High:
Low:
Close:
PENNANT
Cardano
ADA/USD
1H
There is a pennant recognized and the price asks for rise as a signal of a breakout.
A pennant suggests a useful formation that can be used to indicate a further move up when price breaks out to the the upside.
Adausd to grind higher to the 0.435 level on a break above 0.432.
RISING WEDGE
Cardano
ADA/USD
1H
There is a rising wedge noticed, the price is about to break out.
A rising wedge denotes a compelling indicator that often spots a next move down if price collapses through the support line.
Adausd set to extend its decline to 0.425 as adausd keeps the bid tone.
FALLING WEDGE
Cardano
ADA/USD
1D
A falling wedge is exposed and the price needs a next steady move for clear breakout confirmation.
A falling wedge tends to be a reliable price signal that typically spots a bullish price action once price breaks out.
It is possible that a bullish price action towards 0.45 will occur.
RISING WEDGE
Cardano
ADA/USD
1H
There is a rising wedge observed, the price asks for a further bigger move for clear breakout confirmation.
In case if price breakdown occurs, the resulting move could indicate that the price to go down.
Adausd risks a move to the 0.43 zone on a break below 0.434.
BULLISH FLAG
Cardano
ADA/USD
4H
The price completes a bullish flag, the price is close to breaking out.
A bullish flag provides a useful chart signal that often spots a bullish move when price breaks out.
Adausd to head to 0.44.
RECTANGLE
Cardano
ADA/USD
1H
As we can see a rectangle pops up.
A rectangle is said to depict a technical bullish chart indicator that typically predicts the bears have run out of steam in case if price breaks out.
It is possible that a move to 0.435 will take place on a break above 0.433 as door open for a test of 0.435.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel distinguished.
A descending channel represents a bullish price action signal that can be used to predict a move up if price breaks out.
It is not ruled out that a further bullish price action to 0.42 will occur as indicators turn bullish.
BEARISH FLAG
Cardano
ADA/USD
1H
There is a bearish flag emerging and the price is ready to break out.
A bearish flag is said to depict a bearish chart formation that is angled up that can be used to spot a temporary interruption during a rising market if price breaks out.
It is not ruled out that a further bearish continuation towards the 0.414 zone will be made.
PENNANT
Cardano
ADA/USD
4H
It seems like a pennant is almost completed, adausd wants a more strong bearish impulse to confirm a breakdown.
A pennant is believed to be a useful indicator that is used to indicate a bearish price action in case if price breaks down.
Extra downside towards 0.41 is likely on a breakout of the pennant as bears look for entries.
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