Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
It looks like a symmetrical triangle is very close to being finished and the price is ready to break out now.
A symmetrical triangle often indicates a further move up if price breaks above resistance.
It is not ruled out that a rangebound towards 1680 will be made on a breakout of the symmetrical triangle.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been noticed.
A pennant can be thought of as a pattern that is used to signal a bullish price action when price breaks above resistance.
It is possible that a bullish continuation towards 64000 will form on a breakout of the pennant.
RECTANGLE
Bitcoin
BTC/USD
4H
Btcusd shapes a rectangle, btcusd asks for a next strong move as evidence of a breakout.
If price breaks through the resistance, the move could signal a next move up.
It is possible that a rangebound towards the 65000 mark will happen on a breach of 63800.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle appearing and the price is going to break out soon.
A descending triangle is a specific indicator that is used to identify an extension in the upward direction if price breaks out to the the upside.
Ethusd to peak to the 1700 level.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge arising and the price requests more strong pullback as evidence of a breakout.
A rising wedge can be thought of as a specific bearish indicator that is used to indicate the bulls have run out of steam when price breaks below support.
Btcusd dives out bullish trendline to the 63000 zone as the cryptocurrency becomes offered.
PENNANT
Ethereum
ETH/USD
1H
A pennant is observed and the price is close to breaking out soon.
A pennant is considered to be a technical bearish price action formation that often indicates a next move down once price breaks below support.
There is a probability of a bearish continuation towards 1650 as gains remain capped.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag encountered.
A bearish flag identifies a useful chart signal that is used to identify reversals in uptrends if price breaks out to the the downside.
It is possible that a further rangebound towards 63000 will form on a breakout of the bearish flag as bears seeking a new low.
PENNANT
GBP/USD
1H
The price builds a pennant and the price asks for a bearish continuation to confirm pennant breakout.
In case if price breaks below support, the move could indicate a bearish move.
A bearish move to 1.34 is about to happen.
ASCENDING TRIANGLE
EUR/USD
1H
An ascending triangle is close to completion, the price is going to break out.
An ascending triangle often spots the bulls have run out of steam once price breaks through the support.
Eurusd set to extend its decline towards 1.156 on a breach of 1.1575.
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