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
Nov 14
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: Descending Channel
ADA/USD,
1 hour
LONG
Mar 24
A descending channel has been spotted.
Once price breaks through the resistance, the resulting move could indicate that the price to go long.
ADA/USD turns bullish to the 0.715 level as weakness seen overdone.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Feb 10
A descending channel is spotted and the price breaks out now.
If price breaks out to the the upside, the resulting move could identify a break during a downtrending market.
There is a probability of a bullish price action to the 0.72 zone on a breakout of the descending channel as the cryptocurrency becomes bullish.
Cardano: Rectangle
ADA/USD,
1 hour
SHORT
Aug 21
There is a rectangle appearing.
A rectangle describes a compelling price action signal that typically results in extending an downtrend when price breakdown occurs.
It is not ruled out that a move to the 0.264 mark will take place on a breakout of the rectangle as outlook for ADA/USD stays negative.
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.
Cardano: Ascending Triangle
ADA/USD,
1 hour
SHORT
Aug 11
It seems like an ascending triangle has been uncovered.
An ascending triangle often results in that the price to go short if price breaks below support.
It is possible that a bearish run to the 0.344 level will form.
Cardano: Descending Triangle
ADA/USD,
1 hour
SHORT
May 19
There is a descending triangle coming out and ADA/USD calls for a further strong bearish move as an indication of a breakout.
A descending triangle results in prices are likely to keep falling downward if price collapses through the support line.
There is a chance of corrective downside to 0.474 on a breach of 0.476 as there is a chance of further weakness.
Cardano: Bullish Flag
ADA/USD,
1 hour
LONG
Mar 31
There is a bullish flag happening.
A bullish flag suggests a reliable price action signal that is used to indicate a trend change to the upside once price breaks out to the the upside.
It is possible that a move to the 0.38 level will be made.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Apr 25
It seems like a descending channel forms.
A descending channel is believed to be a price formation that can be used to indicate an interruption of a downtrend when price breaks out to the the upside.
ADA/USD dives out bearish trendline towards the 0.395 mark.
Cardano: Ascending Channel
ADA/USD,
4 hours
SHORT
May 6
There is an ascending channel spotted and the price is about to break out now.
An ascending channel spots a bearish price move if price collapses through the support line.
ADA/USD to slide to 0.38 on a breakout of the ascending channel amid rising bets for the move.
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Cardano · ADA/USD