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FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is almost finished and ethusd calls for a further move to confirm a breakout.
A falling wedge tends to be a useful price action pattern that is used to predict price heading to a new direction when price breaks above resistance.
There is a probability of a bullish continuation to 2080 on a breakout of the falling wedge as ethusd sticks to the positive mood.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel has been discovered.
A descending channel typically indicates a temporary interruption of an existing trend once price breaks out to the the upside.
It is not ruled out that a bullish run towards the 1.336 mark will occur as bulls looking for upside correction.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel diagnosed.
A descending channel is a reliable price indicator that is used to predict that the price to go long when price breaks out.
Btcusd dives out bearish trendline to 69500 as risk reversal sheds bearish bias.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel coming out and the price requires further steady rise as an information of a breakout.
When price breaks through the resistance, the resulting move could indicate a sharp rise.
Eurusd to maintain its positive tone to 1.154 once beyond 1.1536.
BULLISH FLAG
Gold
XAU/USD
1H
There is a bullish flag forming and the price is going to break out.
A bullish flag describes a compelling price action formation with a downward bias that often indicates a pause in a downtrending market once price breaks above resistance.
Gold to look for a further push to 4450.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel appears, the price requests a bigger correction as an indication of a breakdown.
An ascending channel spots a further move down if price breaks below support.
A bearish push down towards the 159.5 level is likely to happen on a breach of 159.56 as minor hurdle remains at 159.56.
BULLISH FLAG
Ethereum
ETH/USD
1H
It seems like a bullish flag is nearing completion, the price is ready to break out.
A bullish flag results in reversals in downtrends once price breaks through the resistance.
Ethusd does not rule out a move to 2100 once above 2070 as ethusd loses bearish momentum.
BULLISH FLAG
EUR/USD
1H
There is a bullish flag identified, the price is breaking out.
A bullish flag describes a compelling bullish chart indicator that can be used to identify a downward trend is about to reverse into an upnward trend if price breaks above resistance.
Eurusd to look for a further push towards the 1.156 level as eurusd is at a brink of a bullish breakout.
RISING WEDGE
USD/JPY
1H
A rising wedge has been observed.
In case if price collapses through the support line, the resulting move could predict a next move down.
Usdjpy to slump to the 159.4 zone.
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