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Cardano Perpetual Futures

ADA - bearish pennant

By dcjaring
A bearish pennant starts with a noticeable downtrend in the price of an asset, like ADA. After the initial decline, the price enters a consolidation phase where the daily price ranges become narrower, forming two converging trendlines. This consolidation indicates decreasing volatility and a potential continuation of the downward trend.
Pennant

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