Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
4H
As we can see the price builds a falling wedge.
If price breaks through the resistance, the move could predict that the price to go long.
There is a probability of a bullish price action to the 65000 zone on a breakout of the falling wedge as weakness seen overdone.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge revealed, the price requires a further strong move as a clue of a breakout.
A rising wedge suggests a useful bearish signal that often identifies that the price to go short once price breaks through the support.
Ethusd to increase bearish potential towards the 1870 mark on a breakdown of the rising wedge as upside pressure seen easing.
RISING WEDGE
Bitcoin
BTC/USD
1H
We can see that a rising wedge is close to being finished.
Once price collapses through the support line, the move could identify an extension in the downward direction.
Btcusd is at risk of extending its slump to the 64400 zone.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle is close to being finished and the price is close to breaking out soon.
A rectangle is believed to be a bullish price action signal that is used to predict an extension in the upward direction in case if price breaks through the resistance.
Btcusd advances higher towards the 64500 level once beyond 64450.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
It looks like the price composes a descending triangle, ethusd wants a further bullish action for clear breakout confirmation.
A descending triangle represents a useful price action signal that often spots an extension in the upward direction in case if price breaks out to the the upside.
There is a chance of a move towards the 1900 mark on a upside break.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like ethusd gives a falling wedge.
A falling wedge spots a bullish move if price breaks through the resistance.
There is a chance of a bullish continuation to 1880 as door open for the continuation of the uptrend.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge developing, the price calls for a bit more consolidation as a signal of a breakout.
A falling wedge depicts a compelling formation that is angled down that can be used to spot a potential reversal in price action if price breaks through the resistance.
Ethusd to push up towards the 1860 zone on a breakout of the falling wedge.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle has been distinguished, the price requests further bigger push down as proof of a breakdown.
Once price breaks below support, the move could identify the bulls have run out of steam.
It is not ruled out that extra downside towards 63500 will occur.
RISING WEDGE
Bitcoin
BTC/USD
1D
There is a rising wedge observed and btcusd lacks more pullback for the certainty of breakdown.
A rising wedge represents a specific bearish chart signal that is used to spot the more likely potential of falling prices if price breakdown occurs.
Btcusd could extend its slump to the 64000 level.
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