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ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is almost done and btcusd lacks a bit more consolidation as an information of a breakout.
An ascending triangle depicts a price action signal that is used to spot that the price to go long if price breaks out.
A further bullish run to the 77800 level is on the way as minor hurdle remains at 77800.
PENNANT
Bitcoin
BTC/USD
1H
Btcusd builds a pennant and the price is about to break out.
A pennant signals a further move down if price breaks down.
Btcusd to extend its slide to 77000.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle developing and the price is ready to break out now.
A descending triangle can be thought of as a chart indicator that can be used to signal that the price will rally further if price breaks out.
Ethusd to jump towards 2260 as indicators favor bulls.
PENNANT
Ethereum
ETH/USD
1H
It looks like a pennant is close to being finished, the price is close to breaking out soon.
A pennant predicts the more likely potential of falling prices once price breaks out to the the downside.
Ethusd to head towards 2220 on a downside break.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is almost done, btcusd requests a next bigger impulse up to confirm falling wedge breakout.
A falling wedge often results in that prices move counter to the prevailing price trend when price breaks out to the the upside.
It is likely that a bullish continuation towards the 77500 mark will be made on a breakout of the falling wedge.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle taking place and the price is about to break out.
A descending triangle identifies a chart indicator that results in that the price to go long when price breaks out to the the upside.
Ethusd tests a move to 2260 on a breakout of the descending triangle.
DESCENDING CHANNEL
GBP/USD
1D
There is a descending channel occuring and the price demands a steady move as an information of a breakout.
A descending channel signals an interruption of a downtrend if price breaks through the resistance.
Gbpusd hints a change to the upside towards the 1.35 zone as minor hurdle remains at 1.34.
DESCENDING CHANNEL
USD/JPY
1H
The price shows a descending channel and the price requires a further impulse up as proof of a breakout.
When price breaks out to the the upside, the resulting move could spot a change in the prevailing trend.
Usdjpy to look for a further push to 157.6 as there is a chance for a upside correction.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel uncovered.
A descending channel indicates an extension in the upward direction when price breaks out to the the upside.
Usdjpy to peak towards 157.6 on a breach of 157.45.
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