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DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel poping up.
A descending channel typically indicates a bullish move when price breaks out.
A bullish run towards 0.395 looks likely once beyond 0.392.
RECTANGLE
Cardano
ADA/USD
4H
Adausd shapes a rectangle, the price is going to break out soon.
A rectangle denotes a chart formation that is used to spot a bearish price action once price breakdown occurs.
Adausd to head to 0.41 once below 0.414 as the cryptocurrency challenges 0.414 hurdle.
BEARISH FLAG
Cardano
ADA/USD
1H
A bearish flag is very close to being completed, the price is ready to break out now.
A bearish flag can be thought of as a specific price action pattern that is angled up that often spots a next move down once price breaks through the support.
Adausd to extend its slide towards 0.418 on a breakout of the bearish flag as the cryptocurrency becomes offered.
PENNANT
Cardano
ADA/USD
4H
There is a pennant revealed, the price breaks out now.
A pennant denotes a technical formation that typically results in that the price will rally further in case if price breaks above resistance.
Adausd is bullish and en route towards 0.43 on a breakout of the pennant as weakness seen overdone.
ASCENDING TRIANGLE
Cardano
ADA/USD
1H
An ascending triangle is almost done and the price requests a further active bullish impulse to confirm ascending triangle breakout.
An ascending triangle identifies a useful signal that typically identifies that the price to go long in case if price breaks out.
Adausd tests a move towards 0.422 on a breakout of the ascending triangle.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
The price creates a descending channel and the price is close to breaking out.
A descending channel often signals that the price to go long once price breaks through the resistance.
It is not ruled out that a bullish continuation to the 0.42 mark will form.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel exposed, adausd wants a more impulse up to confirm a breakout.
A descending channel is believed to be a compelling price indicator that can be used to predict a downward trend is nearing its end in case if price breaks out to the the upside.
There is a chance of a bullish run towards 0.42 while above 0.416.
DESCENDING TRIANGLE
Cardano
ADA/USD
1H
There is a descending triangle found and the price asks for a steady move as a clue of a breakout.
In case if price breaks out, the resulting move could predict that the price to go up.
It is not ruled out that a bullish continuation to 0.42 will be made as downside pressure alleviates.
RECTANGLE
Cardano
ADA/USD
1H
There is a rectangle forming and the price is going to break out now.
If price breaks out to the the downside, the move could spot that the price to go down.
It is not ruled out that decline towards the 0.42 zone will take place.
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