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Chart patterns

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Gold: Bearish Flag

XAU/USD, 4 hours    SHORT Feb 12
XAU/USD composes a bearish flag, XAU/USD demands more active push down to confirm bearish flag breakout. A bearish flag represents a specific price action indicator that is used to signal a bearish price move if price breakdown occurs. XAU/USD to suffer a steeper decline to 2035 as bears looking for downside correction.

Bitcoin: Symmetrical Triangle

BTC/USD, 1 hour    LONG Jan 1
It seems like a symmetrical triangle has been diagnosed and the price asks for a next move as a signal of a breakout. If price breaks through the resistance, the resulting move could identify the more likely potential of rising prices. BTC/USD embarks on a bullish correction towards the 42800 level.

Gold: Descending Triangle

XAU/USD, 1 hour    SHORT Dec 8
A descending triangle has been determined, XAU/USD requires next pullback for the certainty of breakout. When price breaks down, the move could identify that the price to go short. A rangebound to 2044 is likely on a breakout of the descending triangle.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT 7 hours ago
An ascending channel is determined and BTC/USD asks for a more bigger bearish action as proof of a breakout. An ascending channel often signals a change in price direction in case if price collapses through the support line. It is possible that a further bearish run towards 66600 will form.

Gold: Rectangle

XAU/USD, 1 hour    SHORT Feb 22
A rectangle has been exposed, the price breaks out now. A rectangle often predicts prices are likely to keep falling downward when price breaks through the support. XAU/USD to nosedive towards 2032 on a breakout of the rectangle.

EUR/USD: Descending Channel

EUR/USD, 1 hour    LONG Aug 4
A descending channel is close to completion, the price is about to break out now. A descending channel tends to be a reliable pattern that is angled down that typically predicts that the price to go long in case if price breaks through the resistance. EUR/USD now looks to the 1.096 level.

Ethereum: Ascending Channel

ETH/USD, 1 hour    SHORT Dec 11
There is an ascending channel found and the price is about to break out now. An ascending channel identifies a compelling chart pattern with an upward bias that is used to predict extending an downtrend once price breaks out to the the downside. It is likely that a bearish push down to 2320 will form while below 2330.

USD/JPY: Rectangle

USD/JPY, 1 hour    LONG Sep 20
We can see that a rectangle is almost done and USD/JPY expects a more bigger move to confirm a breakout. A rectangle is a specific bullish chart signal that indicates a bullish price action when price breaks out to the the upside. There is a possibility of a move to 148 on a breakout of the rectangle.

Bitcoin: Rectangle

BTC/USD, 1 hour    SHORT Dec 10
There is a rectangle encountered. In case if price breaks out to the the downside, the move could indicate a sharp decline. BTC/USD to continue the dereciation trend to the 43600 level while below 43650.

USD/JPY: Rectangle

USD/JPY, 4 hours    SHORT Jul 6
We can see that a rectangle has been detected and the price requests a move to confirm rectangle breakdown. A rectangle is a compelling pattern that predicts a further move down in case if price collapses through the support line. There is a probability of further decline to 144.

Ethereum: Descending Channel

ETH/USD, 1 hour    LONG Jul 13
As we can see a descending channel has been recognized, the price wants a next move to confirm descending channel breakout. A descending channel suggests a bullish pattern that is angled down that can be used to signal a downward trend is about to reverse into an upnward trend when price breaks out to the the upside. It is not ruled out that a bullish continuation towards the 1890 zone will form on impulse above 1886 as indicators favor bulls.

Gold: Descending Channel

XAU/USD, 1 hour    LONG May 1
There is a descending channel detected. A descending channel provides a reliable indicator that typically identifies a next move up if price breaks above resistance. XAU/USD to peak to the 2005 zone on a breach of 2003 amid XAU/USD reclaims part of the ground lost.
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