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.
Cardano: Bullish Flag
ADA/USD,
1 hour
LONG
Jun 7
We can see that the price develops a bullish flag.
A bullish flag often identifies a change in price direction once price breaks through the resistance.
ADA/USD looks ready to further extend its gains to the 0.462 level on a breakout of the bullish flag as indicators favor bulls.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Jun 19
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: Bearish Flag
ADA/USD,
1 hour
SHORT
Jan 26
There is a bearish flag spotted.
A bearish flag signals reversals in uptrends once price collapses through the support line.
A move to the 0.98 mark is going to happen on a break below 0.982.
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.
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Cardano · ADA/USD