It seems like the price forms a descending channel, the price expects a further steady move to confirm descending channel breakout.
A descending channel denotes a technical price action indicator that results in a bullish move once price breaks through the resistance.
ETH/USD to continue the appreciation trend towards 2480.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
22 hours ago
There is an ascending channel discovered and the price needs a strong bearish action as an indication of a breakdown.
An ascending channel signals that the price to go short in case if price breaks through the support.
EUR/USD risks extending drop to the 1.088 mark on a breach of 1.088.
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.
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.
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.
Bitcoin: Falling Wedge
BTC/USD,
4 hours
LONG
39 hours ago
As we can see BTC/USD develops a falling wedge, the price demands a bit more consolidation as a sign of a breakout.
A falling wedge provides a specific bullish price action indicator that is used to predict extending an uptrend once price breaks through the resistance.
It is possible that a move to 69000 will take place as the cryptocurrency probes 68400 hurdle.
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.
USD/JPY: Falling Wedge
USD/JPY,
1 hour
LONG
22 hours ago
A falling wedge occurs.
If price breaks out to the the upside, the move could spot a change in the prevailing trend.
USD/JPY to enjoy a considerable gain towards the 152.5 level on a upside break.
Bitcoin: Falling Wedge
BTC/USD,
4 hours
LONG
3 days ago
A falling wedge pops up and BTC/USD requests a more move for the certainty of breakout.
A falling wedge typically results in a move up in case if price breaks out.
It is likely that a bullish move towards 70000 will happen as there is a chance for a upside correction.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
19 hours ago
As we can see a descending channel appears and the price is about to break out.
When price breaks above resistance, the resulting move could spot a breakout higher.
BTC/USD aims to complete a retracement towards 71000 on impulse above 69800.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.