A falling wedge is found and the price is about to break out.
A falling wedge often predicts a bullish move when price breaks through the resistance.
ADA/USD could attempt a move towards 0.6.
Cardano: Ascending Triangle
ADA/USD,
1 hour
SHORT
Jan 7
ADA/USD establishes an ascending triangle.
An ascending triangle is considered to be a technical chart signal that is used to spot that the price to go down once price breaks out.
ADA/USD to accomodate towards the 0.51 level on a break below 0.522.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Apr 23
Cardano: Rising Wedge
ADA/USD,
4 hours
SHORT
Mar 14
The price composes a rising wedge and the price is ready to break out.
When price breaks through the support, the resulting move could spot a potential reversal in price action.
ADA/USD turns lower to 0.74 on a breakout of the rising wedge as bears seeking a new low.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Mar 26
There is an ascending channel discovered, the price requests a bigger correction as proof of a breakout.
An ascending channel denotes a useful bearish indicator that is used to predict a bearish price move if price breaks below support.
A bearish move towards the 0.65 level is likely to happen as ADA/USD nears 0.66 hurdle.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Aug 7
A rectangle is identified.
A rectangle describes a reliable price action signal that can be used to spot that the price to go short in case if price breaks down.
ADA/USD to prolong the corrective phase to the 0.29 mark on a breakout of the rectangle.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Nov 15
A descending channel is detected.
A descending channel is considered to be a reliable chart indicator that typically predicts a bearish-to-bullish trend reversal in case if price breaks through the resistance.
ADA/USD hints a change to the upside to the 0.38 zone on a breakout of the descending channel as outlook for ADA/USD stays positive.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Jan 29
There is a descending channel occuring, the price calls for a more strong move as an indication of a breakout.
A descending channel is considered to be a chart pattern that is angled down that is used to identify that the price to go long in case if price breaks out.
ADA/USD to increase bullish potential towards the 0.495 zone as ADA/USD is at a brink of a bullish breakout.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Feb 26
There is a descending channel discovered, the price is ready to break out now.
A descending channel is believed to be a useful chart formation that has a downward slope that is used to predict a downward trend is nearing its end in case if price breaks above resistance.
There is a possibility of a move to the 0.595 mark.
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Jan 5
It seems like a rising wedge is very close to being finished and the price is ready to break out soon.
A rising wedge denotes a useful signal that can be used to indicate a change in the prevailing trend if price breakdown occurs.
There is a chance of extra downside towards 0.56.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Oct 13
There is an ascending channel happening.
An ascending channel typically results in that the price to go down once price breaks out.
It is not ruled out that a rangebound towards 0.352 will happen on impulse below 0.3525.
Cardano: Falling Wedge
ADA/USD,
1 hour
LONG
Sep 26
As we can see a falling wedge appears.
A falling wedge typically indicates a tendency to break in the opposite direction in case if price breaks through the resistance.
It is likely that a bullish move towards the 0.384 level will form on a upside break as indicators turn bullish.
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Cardano · ADA/USD