A pennant appears, ADA/USD calls for a bearish continuation for clear breakout confirmation.
A pennant denotes a useful price action signal that is used to indicate that the price to go short when price breaks out.
ADA/USD could attempt a move towards 0.245.
Cardano: Bullish Flag
ADA/USD,
1 hour
LONG
Feb 28
Cardano: Rectangle
ADA/USD,
1 hour
LONG
May 15
It seems like ADA/USD gives a rectangle, the price is about to break out soon.
If price breaks out, the move could spot a move up.
It is likely that a bullish run to 0.44 will occur on a breach of 0.438 as minor hurdle remains at 0.438.
Cardano: Falling Wedge
ADA/USD,
1 hour
LONG
Apr 25
It seems like a falling wedge has been discovered, ADA/USD lacks an active bullish impulse for clear breakout confirmation.
A falling wedge represents a technical price pattern that is angled down that often indicates that the price to go long if price breaks above resistance.
It is not ruled out that a bullish continuation towards 0.385 will occur while above 0.381.
Cardano: Ascending Triangle
ADA/USD,
4 hours
LONG
Sep 23
We can see that an ascending triangle has been discovered and the price requests further active rise to confirm ascending triangle breakout.
An ascending triangle is said to depict a useful price action pattern that can be used to identify a further move up once price breaks out to the the upside.
ADA/USD to head towards 0.365 once beyond 0.36 as there is a chance for a upside correction.
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Mar 18
There is a rising wedge exposed and ADA/USD lacks a more bigger move as an indication of a breakdown.
If price breaks out to the the downside, the resulting move could spot a bearish price action.
There is a probability of a bearish run towards 0.67.
Cardano: Bearish Rectangle
ADA/USD,
1 hour
SHORT
May 29
A bearish rectangle is close to being finished.
A bearish rectangle is believed to be a price action indicator that can be used to spot a next move down if price breaks through the support.
It is possible that decline to the 0.452 zone will take place.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Sep 18
As we can see ADA/USD establishes a descending channel, ADA/USD expects a steady bullish action as proof of a breakout.
When price breaks out, the move could spot a bullish price move.
A move towards the 0.252 level about to be made on a breakout of the descending channel as the cryptocurrency sticks to the positive mood.
Cardano: Symmetrical Triangle
ADA/USD,
1 hour
LONG
Oct 6
A symmetrical triangle has been found, the price wants a further strong move for clear breakout confirmation.
A symmetrical triangle identifies a bullish pattern that often results in a move up if price breaks above resistance.
ADA/USD to extend its advance to the 0.352 mark on a breach of 0.3515.
Cardano: Ascending Channel
ADA/USD,
1 hour
SHORT
Sep 6
We can see that ADA/USD sets up an ascending channel.
An ascending channel often spots a sharp decline in case if price collapses through the support line.
A bearish move towards the 0.256 mark is on the cards once below 0.2572.
Cardano: Symmetrical Triangle
ADA/USD,
4 hours
SHORT
Apr 19
We can see that a symmetrical triangle is almost completed, ADA/USD requests a strong move as evidence of a breakdown.
When price breaks down, the resulting move could identify the bulls have run out of steam.
ADA/USD opens door for a move towards 0.43.
Cardano: Descending Channel
ADA/USD,
1 hour
LONG
Nov 5
There is a descending channel discovered.
A descending channel identifies a useful bullish price action formation that spots that the price to go up once price breaks through the resistance.
ADA/USD targets a move towards the 0.334 level.
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Cardano · ADA/USD