Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
4H
There is a falling wedge diagnosed.
In case if price breaks out, the resulting move could predict that the price to go long.
There is a probability of a bullish continuation towards 65000 on a breach of 63800.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge forms and the price is ready to break out now.
Once price breaks out, the move could signal a countertrend succeeding the current trend.
It is likely that extra downside towards 63400 will occur on a breakout of the rising wedge as indicators turn bearish.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle emerging, the price is close to breaking out.
An ascending triangle suggests a useful bullish formation that can be used to identify an extension in the upward direction if price breaks above resistance.
Ethusd to continue the appreciation trend towards 1720 while above 1712 as ethusd challenges 1712 hurdle.
PENNANT
Ethereum
ETH/USD
1H
A pennant is nearing completion.
A pennant is believed to be a useful price action formation that typically identifies an extension in the upward direction when price breaks out.
Ethusd turns higher to 1720 once beyond 1705.
PENNANT
Ethereum
ETH/USD
4H
The price creates a pennant.
A pennant is considered to be a useful indicator that often spots that prices are likely to keep rallying upward once price breaks through the resistance.
Ethusd challenges a move towards 1750.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that the price sets up a descending channel, gold requests a bigger bullish move for the certainty of breakout.
In case if price breaks out, the resulting move could identify that the price to go up.
There is a chance of a bullish run towards 4200 once beyond 4170 as there is a chance for a upside correction.
DESCENDING CHANNEL
GBP/USD
1H
It looks like a descending channel is nearing completion, gbpusd needs a bullish impulse as proof of a breakout.
A descending channel describes a bullish price action indicator that is used to spot price heading to a new direction if price breaks through the resistance.
Gbpusd does not rule out a move towards 1.326.
DESCENDING CHANNEL
EUR/USD
1H
As we can see eurusd composes a descending channel.
If price breaks out to the the upside, the move could signal a sharp rise.
A bullish price action towards 1.148 is not ruled out once above 1.1475 as bullish momentum increases.
ASCENDING CHANNEL
USD/JPY
1H
Usdjpy establishes an ascending channel and usdjpy demands an active move as evidence of a breakdown.
When price breaks through the support, the resulting move could predict reversals in uptrends.
Usdjpy embarks on a bearish correction towards 160.5.
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