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BEARISH FLAG
Cardano
ADA/USD
1H
There is a bearish flag coming out and adausd asks for further bigger pullback as evidence of a breakdown.
A bearish flag typically spots prices are likely to keep falling downward when price breaks out to the the downside.
It is possible that a further bearish price action towards 0.408 will occur on a downside break.
DESCENDING TRIANGLE
Cardano
ADA/USD
1H
There is a descending triangle taking place and the price is close to breaking out.
A descending triangle often predicts a bullish price move once price breaks out to the the upside.
There is a probability of a bullish continuation to the 0.415 level on impulse above 0.41 as minor hurdle remains at 0.41.
PENNANT
Cardano
ADA/USD
1H
As we can see adausd develops a pennant, the price is breaking out.
A pennant is said to depict a compelling bearish signal that indicates a bearish move if price breaks down.
Adausd to move back towards 0.41 while below 0.412.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel taking place and the price is ready to break out now.
A descending channel depicts a compelling bullish indicator that often spots that the price to go long when price breaks above resistance.
There is a possibility of a bullish continuation towards 0.415 while above 0.412 as bulls looking for upside correction.
BEARISH FLAG
Cardano
ADA/USD
1H
Adausd establishes a bearish flag, adausd asks for a more move as a signal of a breakout.
A bearish flag is believed to be a compelling bearish formation with an upward bias that typically indicates an upward trend is nearing its end in case if price breaks through the support.
There is a chance of a bearish run towards 0.405.
BULLISH FLAG
Cardano
ADA/USD
1H
A bullish flag is very close to being finished and adausd expects a more strong move as an indication of a breakout.
A bullish flag is a compelling chart signal that can be used to signal a trend change to the upside if price breaks out to the the upside.
Adausd points to the upside towards the 0.43 zone on a breakout of the bullish flag.
ASCENDING CHANNEL
Cardano
ADA/USD
1H
There is an ascending channel identified.
An ascending channel suggests a bearish price formation that spots that the price to go short if price breaks below support.
It is possible that a bearish price action towards 0.42 will take place.
RISING WEDGE
Cardano
ADA/USD
4H
There is a rising wedge emerging and adausd wants a bigger correction as a verification of a breakdown.
A rising wedge often predicts a further move down if price breakdown occurs.
Adausd risks further decline to the 0.42 zone as outlook for adausd stays negative.
FALLING WEDGE
Cardano
ADA/USD
4H
We can see that a falling wedge emerges, the price needs a more active impulse up as proof of a breakout.
If price breaks through the resistance, the move could signal a bullish price action.
Adausd to enjoy a considerable gain to 0.44 on a breakout of the falling wedge.
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