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Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
33 hours ago
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
23 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
40 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
23 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
20 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.