An ascending channel takes place and ADA/USD demands a next active bearish action as an indication of a breakout.
An ascending channel can be thought of as a specific bearish price formation that is used to identify extending an downtrend when price breaks out.
It is not ruled out that a bearish push down to the 0.374 mark will take place as risk reversal sheds bullish bias.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Oct 3
There is an ascending channel poping up, the price wants a move as a clue of a breakout.
An ascending channel typically spots a temporary interruption during a rising market in case if price breaks out to the the downside.
Adausd to head to the 0.84 zone.
Cardano: Rectangle
ADA/USD,
1 hour
LONG
Nov 22
It seems like ADA/USD builds a rectangle.
A rectangle often results in a bullish price move when price breaks through the resistance.
ADA/USD to move upward towards 0.86 once above 0.84 amid rising bets for the move.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Feb 16
It looks like the price composes a descending channel and the price is ready to break out.
A descending channel typically spots a bearish-to-bullish trend reversal once price breaks out to the the upside.
ADA/USD to accomodate to 0.785.
Cardano: Descending Triangle
ADA/USD,
4 hours
SHORT
Dec 18
A descending triangle is detected.
If price breaks out, the move could identify an extension in the downward direction.
A bearish price action to 1.02 is about to happen.
Cardano: Falling Wedge
ADA/USD,
4 hours
LONG
Jan 1
A falling wedge develops and the price calls for bigger rise as an indication of a breakout.
A falling wedge represents a specific pattern that predicts price reversal after a pause in case if price breaks through the resistance.
ADA/USD to head towards 0.88 as the cryptocurrency challenges 0.865 hurdle.
Cardano: Falling Wedge
ADA/USD,
1 hour
LONG
Jul 26
We can see that the price gives a falling wedge, the price is ready to break out now.
When price breaks out, the resulting move could predict a break in the price direction.
There is a possibility of a rangebound towards the 0.304 mark.
Cardano: Pennant
ADA/USD,
1 hour
SHORT
Aug 4
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: Descending Triangle
ADA/USD,
1 hour
SHORT
Apr 6
There is a descending triangle diagnosed and the price is ready to break out now.
A descending triangle represents a price action signal that spots that the price to go short if price breaks through the support.
ADA/USD could attempt a move towards the 0.63 level on a break below 0.634 as the cryptocurrency becomes depressed.
Cardano: Bullish Flag
ADA/USD,
4 hours
LONG
May 8
There is a bullish flag diagnosed and the price breaks out soon.
A bullish flag represents a reliable price formation that typically identifies a next move up when price breaks out.
ADA/USD targets a move to 0.72 once above 0.715 as the cryptocurrency challenges 0.715 hurdle.
Cardano: Bearish Flag
ADA/USD,
1 hour
SHORT
Jun 17
There is a bearish flag encountered, the price is ready to break out soon.
If price breakdown occurs, the resulting move could spot the more likely potential of falling prices.
There is a chance of corrective downside towards the 0.62 zone on a downside break as ADA/USD challenges 0.63 hurdle.
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Cardano · ADA/USD