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: 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: Ascending Channel
ADA/USD,
1 hour
SHORT
4 days ago
It seems like an ascending channel has been observed, the price is ready to break out soon.
An ascending channel often signals a bearish price move once price breaks below support.
There is a probability of extra downside to the 0.66 zone.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Jan 7
An ascending channel materializes and the price is breaking out.
In case if price collapses through the support line, the resulting move could indicate a bearish price move.
There is a probability of a further move to 1.07 while lower than 1.082.
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,
4 hours
LONG
Mar 4
There is a descending channel developing.
A descending channel spots the bears have run out of steam when price breaks above resistance.
A rangebound towards the 0.7 mark is on the cards amid rising bets for the move.
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
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
Mar 16
An ascending channel has been encountered, the price is ready to break out soon.
Once price breaks out to the the downside, the move could predict a trend change to the downside.
ADA/USD challenges a move towards the 0.74 level once below 0.744.
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Cardano · ADA/USD