ADA/USD shows a descending channel, the price lacks a bit more consolidation to confirm descending channel breakout.
A descending channel is considered to be a bullish price pattern that can be used to spot reversals in downtrends once price breaks above resistance.
ADA/USD to jump towards 0.264.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Mar 12
There is a descending channel detected, the price lacks a bit more consolidation as a verification of a breakout.
In case if price breaks out, the resulting move could spot a bullish price move.
ADA/USD is bullish and en route towards the 0.31 mark.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Apr 30
A rectangle emerges and the price is about to break out soon.
A rectangle denotes a specific bearish price formation that can be used to indicate a sharp decline once price breaks through the support.
A rangebound towards the 0.395 mark stays on the cards on a breakout of the rectangle.
Cardano: Ascending Channel
ADA/USD,
4 hours
SHORT
Jun 5
An ascending channel occurs and the price is going to break out now.
In case if price collapses through the support line, the resulting move could spot a bearish price action.
There is a chance of decline to 0.365 on a breakdown of the ascending channel as ADA/USD is at a brink of a bearish breakout.
Cardano: Rising Wedge
ADA/USD,
4 hours
SHORT
Jun 5
There is a rising wedge spotted, the price is ready to break out.
A rising wedge typically results in a bearish price move once price breaks through the support.
ADA/USD risks a correction to the 0.375 level as upside pressure alleviates.
Cardano: Rectangle
ADA/USD,
1 hour
LONG
Dec 21
There is a rectangle uncovered, ADA/USD requires a more impulse up as an information of a breakout.
A rectangle is believed to be a compelling price signal that is used to signal that the price to go long when price breaks above resistance.
ADA/USD to head to 0.62 on a breakout of the rectangle as downside pressure mitigates.
Cardano: Ascending Channel
ADA/USD,
4 hours
SHORT
Jan 1
The price creates an ascending channel and the price calls for an active move as a clue of a breakdown.
In case if price breaks below support, the resulting move could signal a countertrend succeeding the current trend.
ADA/USD challenges a move towards the 0.58 level while below 0.595.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Mar 19
A rectangle comes out and the price calls for a more active move as an indication of a breakout.
A rectangle results in a move down if price collapses through the support line.
It is likely that a rangebound to 0.63 will occur.
Cardano: Pennant
ADA/USD,
1 hour
LONG
6 days ago
There is a pennant coming out and ADA/USD wants a next bigger move as an indication of a breakout.
A pennant is said to depict a useful bullish price signal that is used to signal the bears have run out of steam if price breaks above resistance.
It is likely that a rangebound to 0.58 will form.
Cardano: Ascending Triangle
ADA/USD,
1 hour
LONG
Mar 4
There is an ascending triangle diagnosed.
If price breaks out, the resulting move could predict the bears have run out of steam.
A bullish push up towards 0.75 stays on the cards on a breakout of the ascending triangle as the mood may improve.
Cardano: Rectangle
ADA/USD,
1 hour
LONG
32 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: Descending Triangle
ADA/USD,
1 hour
LONG
May 26
ADA/USD shapes a descending triangle, the price needs an active move as a sign of a breakout.
A descending triangle predicts that the price will rally further in case if price breaks out.
ADA/USD challenges a move to 0.462 on a breakout of the descending triangle as ADA/USD probes 0.461 hurdle.
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Cardano · ADA/USD