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Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
3 days ago
An ascending channel has been encountered, ETH/USD requests a more move as a verification of a breakout.
Once price breaks down, the resulting move could spot a bearish price move.
Extra downside to the 3850 zone is about to happen on a breakdown of the ascending channel as risk reversal sheds bullish bias.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Mar 28
We can see that XAU/USD develops an ascending triangle and the price is going to break out now.
An ascending triangle identifies a useful price action signal that can be used to identify a further move up in case if price breaks out to the the upside.
XAU/USD to look for a further push towards the 2220 level on a breach of 2216.
Gold: Descending Triangle
XAU/USD,
1 day
LONG
Feb 29
There is a descending triangle materializing and the price demands a next move as a sign of a breakout.
In case if price breaks above resistance, the move could indicate extending an uptrend.
XAU/USD to have better chances of advancing towards 2060.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
2 days ago
We can see that the price shows a rectangle and ETH/USD lacks a more active move as a clue of a breakdown.
A rectangle provides a signal that can be used to identify extending an downtrend when price breaks out.
ETH/USD to continue lower to 3800.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
2 days ago
It looks like a descending channel is observed.
A descending channel suggests a compelling indicator that can be used to predict that the price to go up if price breaks through the resistance.
A bullish push up towards the 154.2 level is on the way once beyond 154 as minor hurdle remains at 154.
Crude Oil: Rectangle
USOIL,
1 hour
SHORT
Feb 23
A rectangle comes out, the price breaks out soon.
A rectangle is considered to be a technical formation that typically identifies a bearish move in case if price breaks below support.
Decline towards 77.6 is about to happen on a break below 77.7 amid USOIL recedes from recent highs.
USD/JPY: Pennant
USD/JPY,
1 hour
LONG
2 days ago
USD/JPY establishes a pennant and the price requires a next bullish continuation as a clue of a breakout.
A pennant provides a technical bullish chart indicator that often results in a sharp rise if price breaks out to the the upside.
A bullish price action towards the 154.2 zone about to be made while above 154.1.
Gold: Pennant
XAU/USD,
4 hours
LONG
Mar 26
It seems like a pennant is close to being done, the price lacks a next move as a verification of a breakout.
A pennant identifies a useful signal that typically predicts the more likely potential of rising prices once price breaks out to the the upside.
XAU/USD points to the upside towards the 2190 zone on a breakout of the pennant as downside pressure alleviates.
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Feb 23
It looks like a bearish flag has been diagnosed.
When price breaks down, the resulting move could indicate a bearish price move.
USOIL opens door for a move to the 78 zone.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 20
A descending channel arises, ETH/USD calls for a next move for clear breakout confirmation.
A descending channel is said to depict a compelling bullish price action indicator that often signals a breakout higher once price breaks out to the the upside.
It is not ruled out that a bullish push up to 3140 will take place on a upside break.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
Feb 23
There is an ascending triangle identified and the price asks for a next move as a clue of a breakdown.
Once price breaks below support, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 78 is about to happen.
Bitcoin: Rising Wedge
BTC/USD,
4 hours
SHORT
3 days ago
We can see that BTC/USD forms a rising wedge and the price is breaking out.
A rising wedge is considered to be a useful price formation that has an upward slope that spots a tendency to break in the opposite direction if price breaks out.
It is possible that a bearish run towards the 102000 level will form on a breakout of the rising wedge.