Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
There is a rectangle exposed, the price requests pullback for clear breakdown confirmation.
A rectangle identifies an extension in the downward direction in case if price breaks below support.
There is a possibility of a further bearish move to 63000 as upside pressure alleviates.
BEARISH FLAG
Gold
XAU/USD
1H
Gold composes a bearish flag.
If price collapses through the support line, the move could indicate reversals in uptrends.
Gold to maintain its negative tone to 4060.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
Crude-oil gives a descending channel, the price is going to break out now.
Once price breaks through the resistance, the move could signal a move up.
Crude-oil to accomodate to 86.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that a descending triangle is close to being completed, the price requires a more move as an information of a breakout.
A descending triangle predicts the bulls have run out of steam once price breaks down.
Decline towards 1860 is probable on a breakout of the descending triangle.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
It seems like a descending channel is close to being done, the price needs a bit more consolidation for clear breakout confirmation.
A descending channel is believed to be a reliable formation that is used to predict a bullish move if price breaks out to the the upside.
There is a possibility of a bullish price action towards 84 as there is a chance for a upside correction.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
4H
A symmetrical triangle pops up and the price is ready to break out now.
A symmetrical triangle indicates an extension in the downward direction when price breaks through the support.
Btcusd to move downward towards 63500 on a breach of 63600 as upside pressure seen easing.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel has been detected, the price is close to breaking out.
An ascending channel denotes a price formation with an upward bias that typically results in a move down when price breaks out to the the downside.
Btcusd set to fall to the 63500 level as door open for a test of 63500.
PENNANT
Ethereum
ETH/USD
1H
Ethusd shows a pennant, ethusd wants a bearish move as a sign of a breakdown.
A pennant depicts a useful bearish price indicator that is used to identify a further move down once price breaks out.
A further rangebound to the 1900 zone about to be made as ethusd keeps the bid tone.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
There is a descending channel turning up and the price is ready to break out soon.
A descending channel is said to depict a useful price indicator that typically signals the more likely potential of rising prices once price breaks out to the the upside.
It is not ruled out that a rangebound towards 86 will occur on a breakout of the descending channel.
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