Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is encountered.
An ascending triangle suggests a price action pattern that can be used to predict an extension in the upward direction in case if price breaks out.
Btcusd looks north to 63500.
ASCENDING TRIANGLE
USD/JPY
4H
An ascending triangle occurs, the price is close to breaking out.
An ascending triangle tends to be a reliable bearish signal that indicates a next move down once price collapses through the support line.
A bearish run towards the 162 zone is likely on a breach of 162.3.
PENNANT
USD/JPY
1H
As we can see a pennant takes place and the price requests a more strong move as proof of a breakout.
A pennant provides a reliable chart formation that predicts a sharp rise if price breaks out to the the upside.
There is a chance of a move towards the 162.5 zone on a breach of 162.4.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge is revealed, gold needs an active move as a clue of a breakout.
A falling wedge typically signals a next move up when price breaks above resistance.
Gold tests a move towards 4080.
DESCENDING CHANNEL
EUR/USD
1H
It seems like a descending channel is close to completion, the price requires a bit more consolidation as proof of a breakout.
A descending channel represents a chart signal that can be used to spot a change in the prevailing trend when price breaks above resistance.
A bullish move towards 1.144 about to be made.
FALLING WEDGE
Bitcoin
BTC/USD
1H
As we can see a falling wedge is recognized and the price expects an active bullish continuation for the certainty of breakout.
Once price breaks out to the the upside, the move could signal that the price to go long.
It is possible that a rangebound to 62500 will be made as btcusd becomes bullish.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is determined and the price requires a more move as a verification of a breakout.
Once price breaks out, the resulting move could predict extending an uptrend.
Ethusd advances higher towards 1760 on a break above 1740.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel occurs, usdjpy wants further bigger fall for the certainty of breakdown.
An ascending channel depicts a reliable indicator that is used to predict that the price to go down in case if price breaks through the support.
Usdjpy could recede to 162.4.
DESCENDING CHANNEL
Crude Oil
USOIL
1D
A descending channel is almost finished, crude-oil requires a further move as a clue of a breakout.
A descending channel can be thought of as a specific bullish chart formation that has a downward slope that can be used to identify that the price to go up once price breaks out to the the upside.
There is a probability of a move to 80 as bullish momentum increases.
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