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: Ascending Triangle
ADA/USD,
1 hour
SHORT
Apr 26
It looks like an ascending triangle occurs and the price calls for a next strong move as a verification of a breakout.
An ascending triangle often indicates a change in the prevailing trend when price breaks down.
There is a probability of a move towards 0.465 amid ADA/USD recedes from recent highs.
Cardano: Rectangle
ADA/USD,
1 hour
LONG
Jun 3
It seems like a rectangle is observed and the price is breaking out.
If price breaks above resistance, the move could indicate a move up.
ADA/USD to strengthen towards 0.456.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
May 20
A descending channel is uncovered.
A descending channel spots a next move up when price breaks above resistance.
ADA/USD could attempt a move to the 0.475 mark as extra rangebound not ruled out.
Cardano: Bearish Flag
ADA/USD,
1 hour
SHORT
May 29
It looks like a bearish flag is close to completion.
When price breaks out, the resulting move could spot a bearish price move.
ADA/USD is at risk of resuming its decline towards 0.456 amid rising bets for the move.
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: Bearish Flag
ADA/USD,
4 hours
SHORT
Apr 10
Cardano: Descending Triangle
ADA/USD,
1 day
LONG
Oct 23
There is a descending triangle turning up, the price is about to break out soon.
If price breaks out to the the upside, the resulting move could predict a sharp rise.
There is a chance of a bullish run towards 0.265 on a breach of 0.262 as ADA/USD resumes the upside.
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.
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Cardano · ADA/USD