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DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel turning up and ethusd requests a more move to confirm descending channel breakout.
A descending channel suggests a specific bullish signal that is used to indicate a break in the price direction once price breaks above resistance.
Ethusd to head towards the 2350 zone.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle happens and the price is ready to break out.
A descending triangle depicts a reliable bearish price pattern that is used to indicate extending an downtrend once price breaks out.
Ethusd to maintain its negative tone towards 2150.
RISING WEDGE
USD/JPY
1H
We can see that the price completes a rising wedge and the price is ready to break out now.
A rising wedge is considered to be a specific bearish price pattern that is used to indicate a sharp decline when price breaks out.
There is a probability of a bearish run towards the 155.6 mark on a breakout of the rising wedge.
RECTANGLE
Bitcoin
BTC/USD
1H
We can see that a rectangle emerges and btcusd needs push down as evidence of a breakout.
When price collapses through the support line, the resulting move could predict the more likely potential of falling prices.
It is not ruled out that a bearish push down to the 76500 mark will occur.
PENNANT
EUR/USD
1H
There is a pennant found and the price is about to break out.
If price breaks out, the resulting move could predict a further move up.
There is a possibility of a rangebound towards 1.182.
PENNANT
GBP/USD
1H
The price completes a pennant.
A pennant is believed to be a compelling signal that can be used to indicate a further move up in case if price breaks out.
Gbpusd pushes higher to the 1.372 zone.
RECTANGLE
Crude Oil
USOIL
1H
A rectangle is recognized, crude-oil requests a steady impulse up to confirm rectangle breakout.
In case if price breaks above resistance, the move could signal the more likely potential of rising prices.
Crude-oil challenges a move towards 62.6 as indicators turn bullish.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel appears and the price breaks out now.
A descending channel often identifies a potential bullish reversal in price action if price breaks out.
Crude-oil to continue the appreciation trend towards the 62.5 level on a breakout of the descending channel.
RISING WEDGE
Bitcoin
BTC/USD
1H
We can see that a rising wedge is found and btcusd lacks a further active bearish action as evidence of a breakout.
A rising wedge is a chart indicator that can be used to predict the more likely potential of falling prices if price collapses through the support line.
There is a probability of extra downside to 78000 as extra rangebound not ruled out.
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