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 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: Bearish Flag
ADA/USD,
4 hours
SHORT
Apr 10
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: Rising Wedge
ADA/USD,
1 day
SHORT
Jan 23
There is a rising wedge encountered and the price requires next bigger push down to confirm rising wedge breakdown.
A rising wedge depicts a compelling bearish chart formation that often predicts a next move down once price breaks out.
ADA/USD tests a move towards 0.95 on a breakout of the rising wedge as bears looking for profit.
Cardano: Descending Channel
ADA/USD,
4 hours
LONG
Mar 1
It seems like a descending channel has been identified, the price calls for more bigger rise for the certainty of breakout.
A descending channel describes an indicator that is used to spot a further move up once price breaks out.
There is a possibility of a bullish price action towards 0.7 on a breakout of the descending channel.
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: Rectangle
ADA/USD,
1 hour
LONG
Nov 22
It seems like ADA/USD builds a rectangle.
A rectangle often results in a bullish price move when price breaks through the resistance.
ADA/USD to move upward towards 0.86 once above 0.84 amid rising bets for the move.
Cardano: Descending Triangle
ADA/USD,
4 hours
SHORT
Dec 18
A descending triangle is detected.
If price breaks out, the move could identify an extension in the downward direction.
A bearish price action to 1.02 is about to happen.
Cardano: Falling Wedge
ADA/USD,
4 hours
LONG
Jan 1
A falling wedge develops and the price calls for bigger rise as an indication of a breakout.
A falling wedge represents a specific pattern that predicts price reversal after a pause in case if price breaks through the resistance.
ADA/USD to head towards 0.88 as the cryptocurrency challenges 0.865 hurdle.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Feb 16
It looks like the price composes a descending channel and the price is ready to break out.
A descending channel typically spots a bearish-to-bullish trend reversal once price breaks out to the the upside.
ADA/USD to accomodate to 0.785.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Cardano · ADA/USD