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Cardano · ADA/USD

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Cardano: Bullish Flag

ADA/USD, 1 hour    LONG Mar 4
There is a bullish flag determined, ADA/USD demands a strong move as a signal of a breakout. A bullish flag typically signals that prices are likely to keep rallying upward when price breaks out. ADA/USD risks a move towards 0.74 as ADA/USD looks bid.

Cardano: Bearish Rectangle

ADA/USD, 1 hour    SHORT Jan 7
There is a bearish rectangle revealed and the price lacks a more move for the certainty of breakout. A bearish rectangle often spots a bearish price move if price breaks down. ADA/USD to continue the dereciation trend towards the 0.516 level on a breach of 0.518.

Cardano: Bullish Flag

ADA/USD, 1 day    LONG Jan 30
A bullish flag is very close to being finished. When price breaks out, the resulting move could predict a pause in a downtrending market. There is a chance of a move towards the 0.55 zone.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Mar 5

Cardano: Descending Channel

ADA/USD, 1 hour    LONG Mar 21
The price shows a descending channel. In case if price breaks through the resistance, the move could identify that the price to go long. ADA/USD to maintain its positive tone to the 0.345 level as bulls seeking a new high.

Cardano: Descending Channel

ADA/USD, 4 hours    LONG Oct 20
We can see that a descending channel occurs and the price demands a further steady move as proof of a breakout. A descending channel tends to be a reliable pattern that is used to identify a trend change to the upside when price breaks through the resistance. ADA/USD to push up to the 0.255 level as ADA/USD challenges 0.251 hurdle.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Jun 5
An ascending channel takes place and ADA/USD demands a next active bearish action as an indication of a breakout. An ascending channel can be thought of as a specific bearish price formation that is used to identify extending an downtrend when price breaks out. It is not ruled out that a bearish push down to the 0.374 mark will take place as risk reversal sheds bullish bias.

Cardano: Falling Wedge

ADA/USD, 1 hour    LONG Jul 26
We can see that the price gives a falling wedge, the price is ready to break out now. When price breaks out, the resulting move could predict a break in the price direction. There is a possibility of a rangebound towards the 0.304 mark.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT 2 days ago
There is an ascending channel discovered, the price requests a bigger correction as proof of a breakout. An ascending channel denotes a useful bearish indicator that is used to predict a bearish price move if price breaks below support. A bearish move towards the 0.65 level is likely to happen as ADA/USD nears 0.66 hurdle.

Cardano: Ascending Channel

ADA/USD, 1 hour    SHORT Apr 5
As we can see an ascending channel happens. An ascending channel describes a technical price action formation that can be used to spot the bulls have run out of steam if price breaks through the support. It is not ruled out that a move towards 0.39 will occur.

Cardano: Falling Wedge

ADA/USD, 1 day    LONG Feb 4
A falling wedge is very close to being finished, the price breaks out. When price breaks out to the the upside, the move could signal a further move up. A further bullish continuation towards 0.55 is possible.

Cardano: Pennant

ADA/USD, 4 hours    SHORT Jul 29
We can see that a pennant is almost done, the price is close to breaking out soon. A pennant spots prices are likely to keep falling downward in case if price breaks through the support. It is likely that extra downside towards the 0.305 mark will take place.
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