There is a pennant determined and the price is ready to break out soon.
A pennant describes a compelling bearish pattern that often spots a bearish price move if price collapses through the support line.
A further bearish move to the 0.355 zone is a possibility on a break below 0.358 as upside pressure mitigates.
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: Bullish Flag
ADA/USD,
1 hour
LONG
Oct 6
ADA/USD shows a bullish flag and the price is going to break out soon.
A bullish flag identifies a bullish price action when price breaks out to the the upside.
ADA/USD looks north to the 0.352 mark on a breakout of the bullish flag as downside pressure alleviates.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Sep 15
There is a rectangle taking place, the price is breaking out.
A rectangle provides a bearish signal that indicates that the price to go down if price breaks down.
There is a possibility of extra downside towards 0.35.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
May 20
There is a descending channel revealed, the price needs an active move as a verification of a breakout.
A descending channel is a technical signal that typically predicts a bullish price move once price breaks through the resistance.
ADA/USD to grind higher towards the 0.48 level as bulls seeking a new high.
Cardano: Rectangle
ADA/USD,
1 hour
LONG
29 hours ago
We can see that a rectangle occurs, the price breaks out.
Once price breaks through the resistance, the resulting move could predict the more likely potential of rising prices.
ADA/USD to increase bullish potential towards 0.78 while above 0.772 as the cryptocurrency becomes supported.
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: Ascending Channel
ADA/USD,
1 hour
SHORT
Apr 23
Cardano: Bearish Rectangle
ADA/USD,
1 day
SHORT
Jun 12
We can see that a bearish rectangle develops and the price is close to breaking out.
A bearish rectangle suggests a useful price action indicator that typically indicates extending an downtrend if price breakdown occurs.
There is a chance of a further move to 0.4 on a breakout of the bearish rectangle.
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.
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Cardano · ADA/USD