cryptd.in

另类 LinkedIn 适合加密人才

Cardano Pushes Past $0.85: Falling Wedge Breakout Confirmed?

-

由

cryptd.in
于

Cardano has just seen a surge beyond the $0.85 mark, potentially confirming a bullish breakout forming in the asset’s 4-hour price chart.

Cardano Is Breaking Out Of A Falling Wedge Pattern

在新的 邮寄 on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the 4-hour price of Cardano. The pattern in question is a “Falling Wedge,” which belongs to the broader class of Wedges.

Wedges form whenever an asset travels between two converging trendlines. When the lines are sloped upward, the formation is known as a Rising Wedge. Similarly, price action to the downside creates a Falling Wedge.

Wedges sound similar to Triangles, which also involve converging trendlines, but the key difference between the two is that Triangles are consolidation patterns, while Wedges involve some net movement up or down. Just like with Triangles, though, the trendlines of the channel act as support/resistance barriers for the price. Also, a breakout of either of these bounds can imply a continuation of the trend in that direction.

Generally, Wedges are considered more likely to lead to reversals. A Falling Wedge may see the price eventually break past the upper line, while a Rising Wedge could end with a breakdown of support. Cardano has recently been moving inside a channel similar to a Falling Wedge. Below is the chart shared by Martinez, showcasing the formation.

Cardano Falling Wedge

At the time the analyst posted the graph, Cardano was beginning to show signs of a surge beyond the resistance line of this Falling Wedge. The breakout attempt came as the asset was closing in on the convergence point of the trendlines.

Near the apex of such patterns, price action occurs inside a tight range, so breakouts can become more likely. This could be what was developing for ADA at the time.

Martinez noted in the post that the cryptocurrency must break past $0.84 to confirm the bullish breakout. Since then, ADA has surged further, reaching the $0.85 level. Thus, it’s possible that a sustainable break could really be kicking off for the coin, at least if the Falling Wedge is anything to go by.

While Cardano is witnessing this Falling Wedge, fellow altcoin Solana has been traveling inside a Rising Wedge instead, as pointed out by the analyst in an earlier X 邮寄.

Solana Rising Wedge

As displayed in the chart, Solana has been trading inside this Rising Wedge for a few months now and is slowly inching toward the end of it. If the pattern is going to be a reversal one, then a bearish breakout may be coming for SOL.

ADA Price

At the time of writing, Cardano is floating around $0.851, up almost 4% over the last seven days.

Cardano Price Chart

评论

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

zh_TW 繁體中文
zh_TW 繁體中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (383) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (69) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (64) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (3) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。