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
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: 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.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Jul 4
A rectangle is very close to being completed, the price requests a further move as evidence of a breakout.
In case if price breaks through the support, the move could spot a bearish price action.
There is a chance of a move to the 0.29 level as extra rangebound not ruled out.
Cardano: Descending Triangle
ADA/USD,
1 hour
SHORT
May 8
As we can see a descending triangle is close to being finished and the price is ready to break out now.
When price breaks below support, the move could spot a bearish price move.
ADA/USD risks a move towards the 0.374 mark.
Cardano: Bullish Flag
ADA/USD,
1 hour
LONG
Jan 10
As we can see a bullish flag has been diagnosed.
A bullish flag represents a reliable bullish price pattern that typically results in a next move up if price breaks out.
A bullish move to the 0.52 zone is likely.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Jun 19
ADA/USD shows a descending channel, the price lacks a bit more consolidation to confirm descending channel breakout.
A descending channel is considered to be a bullish price pattern that can be used to spot reversals in downtrends once price breaks above resistance.
ADA/USD to jump towards 0.264.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Mar 12
There is a descending channel detected, the price lacks a bit more consolidation as a verification of a breakout.
In case if price breaks out, the resulting move could spot a bullish price move.
ADA/USD is bullish and en route towards the 0.31 mark.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Apr 30
A rectangle emerges and the price is about to break out soon.
A rectangle denotes a specific bearish price formation that can be used to indicate a sharp decline once price breaks through the support.
A rangebound towards the 0.395 mark stays on the cards on a breakout of the rectangle.
Cardano: Ascending Channel
ADA/USD,
4 hours
SHORT
Jun 5
An ascending channel occurs and the price is going to break out now.
In case if price collapses through the support line, the resulting move could spot a bearish price action.
There is a chance of decline to 0.365 on a breakdown of the ascending channel as ADA/USD is at a brink of a bearish breakout.
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Cardano · ADA/USD