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
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: Rectangle
ADA/USD,
1 hour
SHORT
Oct 15
We can see that a rectangle is close to being completed.
A rectangle often predicts a bearish price action in case if price breaks out.
Adausd could attempt a move towards 0.66 while lower than 0.668.
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: 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: 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: Pennant
ADA/USD,
4 hours
LONG
Jun 29
It looks like the price shows a pennant, the price expects a more strong move as proof of a breakout.
A pennant is a signal that indicates a next move up once price breaks above resistance.
It is likely that a rangebound to 0.57 will happen.
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: 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.
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: Descending Triangle
ADA/USD,
4 hours
LONG
Oct 20
We can see that adausd shows a descending triangle, the price requests a more move as a sign of a breakout.
A descending triangle represents a specific signal that often results in the more likely potential of rising prices if price breaks out to the the upside.
Adausd to strengthen to the 0.68 mark on a breakout of the descending triangle as weakness seen overdone.
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Cardano · ADA/USD