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ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that ethusd shows an ascending channel, ethusd calls for more strong pullback as an indication of a breakout.
An ascending channel is said to depict a useful bearish price pattern that results in a bearish price action when price breaks out to the the downside.
There is a possibility of a bearish price action to the 1960 zone.
RISING WEDGE
Bitcoin
BTC/USD
1H
It seems like a rising wedge pops up and the price is breaking out.
A rising wedge often signals the bulls have run out of steam if price breakdown occurs.
Btcusd risks a correction towards the 67500 level.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge forming and btcusd demands further strong push down for clear breakout confirmation.
A rising wedge predicts a trend change to the downside when price breaks out to the the downside.
Btcusd to accomodate to 68000 as the cryptocurrency is at a brink of a bearish breakout.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge materializes and ethusd expects a more move as a clue of a breakdown.
A rising wedge indicates that the price to go short in case if price breaks out to the the downside.
Ethusd could recede towards the 1960 level on a breakout of the rising wedge.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It seems like an ascending triangle is diagnosed.
An ascending triangle typically signals that the price will rally further once price breaks through the resistance.
Ethusd to extend its rebound towards the 1990 mark on a breach of 1978.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle developing, the price requests a bit more consolidation to confirm descending triangle breakout.
Once price breaks out, the move could signal the bears have run out of steam.
A bullish run towards the 69000 zone looks likely as the mood may improve.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been determined and the price requires a steady bullish action as an indication of a breakout.
A pennant often identifies a bullish price action once price breaks above resistance.
A bullish push up towards the 68500 level is on the way.
DESCENDING CHANNEL
EUR/USD
4H
It looks like a descending channel has been exposed, the price lacks a bigger move as evidence of a breakout.
A descending channel is said to depict a useful price formation with a downward bias that typically spots that the price to go long if price breaks through the resistance.
Eurusd to extend its rebound towards 1.18.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle is almost done and the price calls for a further active move as proof of a breakout.
A symmetrical triangle describes a compelling signal that typically predicts a next move up if price breaks out.
Ethusd to accomodate to 1980.
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