Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
The price composes a pennant.
A pennant describes a specific bullish price action indicator that typically results in a move up when price breaks through the resistance.
Btcusd aims to complete a retracement to the 64400 level on a breach of 64250 as btcusd becomes supported.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle detected.
An ascending triangle signals an extension in the upward direction if price breaks out.
Ethusd to grind higher to the 1810 mark as extra rangebound not ruled out.
BULLISH RECTANGLE
Ethereum
ETH/USD
4H
As we can see a bullish rectangle has been exposed.
If price breaks through the resistance, the resulting move could identify that prices are likely to keep rallying upward.
It is not ruled out that a bullish move to 1820 will occur.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel materializing and ethusd needs a next steady bearish continuation as a verification of a breakout.
An ascending channel provides a reliable bearish formation that is used to identify that the price to go down when price breakdown occurs.
It is not ruled out that a further rangebound to 1780 will happen while lower than 1790.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is almost done, the price is close to breaking out soon.
In case if price breaks through the support, the move could signal the more likely potential of falling prices.
Btcusd does not rule out a move towards the 63500 mark while below 64100 as bears seeking a new low.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1D
A descending channel is almost done, the price is breaking out.
Once price breaks out, the resulting move could identify an interruption of a downtrend.
It is possible that a further bullish price action to 66000 will occur.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle pops up.
A descending triangle denotes a bullish price pattern that often results in a bullish move when price breaks out.
Gold to accomodate to the 4130 zone once beyond 4120 as bulls seeking a new high.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It seems like a bearish flag is revealed.
A bearish flag is said to depict a compelling bearish price action pattern with an upward bias that can be used to spot that the price to go down if price breaks down.
There is a possibility of corrective downside towards 63500.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel appearing, the price is ready to break out.
If price breaks out to the the downside, the resulting move could predict a sharp decline.
Gbpusd to suffer a steeper decline towards 1.338 on a break below 1.34.
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