Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel detected.
If price breaks out to the the downside, the move could identify a breakdown is likely to occur.
Btcusd could drop towards 73800.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel takes place, ethusd asks for a more strong bearish continuation to confirm ascending channel breakout.
An ascending channel is considered to be a specific bearish price indicator that is used to indicate that the price to go down if price breaks through the support.
Ethusd could attempt a move towards the 2015 zone on a breakout of the ascending channel.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge occuring.
A rising wedge describes a bearish price signal that is used to indicate a bearish price action in case if price breaks through the support.
It is not ruled out that corrective downside to 73800 will form.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel coming out, the price is breaking out.
An ascending channel often indicates a break in the price direction once price breaks out.
Ethusd risks further decline to 2020 as sell-off may continue.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle occurs and btcusd asks for further rise as a verification of a breakout.
An ascending triangle often signals the more likely potential of rising prices when price breaks out.
Btcusd looks north towards the 74200 level as bullish momentum increases.
PENNANT
Ethereum
ETH/USD
1H
We can see that a pennant is almost finished, ethusd demands a more bigger bullish impulse as a signal of a breakout.
A pennant is considered to be a specific price action pattern that often indicates a bullish price action once price breaks out.
It is possible that a further move to 2040 will occur.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
As we can see an ascending triangle takes place and the price is going to break out now.
An ascending triangle typically indicates a bearish move in case if price breaks out.
Btcusd to resume its downfall to 73800 on a breach of 73850.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like ethusd completes an ascending triangle, the price calls for a bigger move as an information of a breakout.
An ascending triangle identifies extending an downtrend once price breaks below support.
A bearish move to the 2020 zone looks likely on a breach of 2020.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle discovered and the price is ready to break out now.
A symmetrical triangle suggests a technical indicator that often results in a bullish price action if price breaks through the resistance.
There is a chance of a bullish continuation to the 74000 zone on a breakout of the symmetrical triangle amid the cryptocurrency reclaims part of the ground lost.
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