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FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge distinguished and the price calls for a further steady move as a signal of a breakout.
When price breaks through the resistance, the resulting move could indicate that the price will rally further.
Ethusd aims to complete a retracement towards 3300 amid rising bets for the move.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel forming.
When price breaks through the support, the resulting move could spot that prices move counter to the prevailing price trend.
There is a probability of a bearish run to 1.172 once below 1.174 as outlook for eurusd stays negative.
PENNANT
Crude Oil
USOIL
1D
There is a pennant developing.
In case if price breakdown occurs, the move could identify prices are likely to keep falling downward.
A bearish push down towards the 57 level is on the way on a downside break.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel detected and usdjpy needs a next move as proof of a breakout.
A descending channel provides a bullish formation that can be used to predict a bullish price action when price breaks through the resistance.
It is possible that a rangebound towards 156 will form.
RISING WEDGE
GBP/USD
1H
There is a rising wedge found and gbpusd expects a more bearish move as evidence of a breakdown.
A rising wedge is a specific price action indicator that typically results in a potential reversal in price action in case if price breakdown occurs.
There is a chance of corrective downside towards the 1.338 zone on a downside break as gains remain capped.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel found.
A descending channel represents a price action indicator that typically spots an interruption of a downtrend in case if price breaks out.
Usdjpy tests a move towards 156 on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel exposed and the price is close to breaking out now.
A descending channel is believed to be a bullish price action pattern with a downward bias that predicts that prices are likely to keep rallying upward in case if price breaks out.
Btcusd to extend its rebound to 92000 on a breakout of the descending channel as btcusd probes 90800 hurdle.
BULLISH FLAG
Bitcoin
BTC/USD
1H
A bullish flag arises, the price demands a further bigger bullish move as a sign of a breakout.
A bullish flag is said to depict a price action signal that results in the more likely potential of rising prices if price breaks through the resistance.
There is a chance of a bullish move to 91000 once beyond 90000 as btcusd challenges 90000 hurdle.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see a falling wedge has been encountered, the price is breaking out.
A falling wedge suggests a compelling bullish price formation that has a downward slope that often spots an interruption of a downtrend when price breaks out to the the upside.
Ethusd to continue the appreciation trend towards the 3200 mark on impulse above 3180 as ethusd becomes bid.
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