Cardano Price Breaks Down From Ascending Channel, Here Are Two Ways It Could Go
A crypto analyst has confirmed a recent breakdown of the Cardano price from an Ascending Channel pattern. With key support and resistance levels now in focus, the analyst has outlined two scenarios for ADA, projecting where its price could move next. Cardano Price Ascending Channel: Bullish Scenario The Cardano price has been trending within an Ascending Channel for some time, maintaining steady price momentum amidst market volatility. However, a TradingView crypto analyst, known as ‘MelikaTrader94’, has identified a recent change in the Cardano price action. The analyst highlights that....
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There is a 75 percent possibility that Bitcoin breaks bullish out of its ongoing consolidation pattern. According to independent analyst Vince Prince, the benchmark cryptocurrency is making “marginal” upside movements in an Ascending Channel structure. That has left it with two possible outcomes. First, Bitcoin consolidates inside the Channel while breaking below the “Ascending Trendline”; Second, it stays above the Trendline and later breaks out of the range altogether. Mr. Prince favored the second outcome. […]
An analyst has explained how Dogecoin could still have a chance at a parabolic run if the support level of this pattern ends up holding. Dogecoin Is Retesting The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a long-term Ascending Channel that the 1-week price of Dogecoin has been trading inside over the years. The “Ascending Channel” here refers to a pattern from technical analysis (TA) that forms when an asset’s price observes consolidation towards a net upside between two parallel trendlines. The upper line of the channel is....
An analyst has pointed out how Dogecoin could see a strong surge if the support level of this technical analysis (TA) pattern holds. Dogecoin Is Retesting The Support Line Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a pattern forming in Dogecoin’s 12-hour price chart. The pattern in question is an Ascending Channel from TA, a type of Parallel Channel. Related Reading: Newbie Bitcoin Whales Now Control 44% Of Realized Cap, Highest Ever Parallel Channels form whenever an asset’s price observes consolidation between two parallel trendlines. The....
Bitcoin price is resuming its climb after testing the bottom of the ascending channel visible on the 1-hour chart. Bitcoin Price Key Highlights. Bitcoin price continues to trend higher on its 1-hour time frame, moving on a sharper ascending channel than before. Price just bounced off the channel support and seems to be setting its sights on the resistance around $740-750. Technical indicators are suggesting that further gains are in the cards. Technical Indicators Signals. The 100 SMA is safely above the longer-term 200 SMA on this time frame, confirming that the path of least resistance....
An analyst has explained how Dogecoin could observe a significant rally next if its price can hold the bottom level of this pattern. Dogecoin Is Currently Testing The Lower Bound Of An Ascending Channel In a new post on X, analyst Ali Martinez has discussed about a long-term pattern forming in the weekly price of Dogecoin. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. A Parallel Channel is a consolidation pattern in which the price of the asset remains locked between two parallel trendlines. The upper level....