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DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel found, the price is ready to break out.
A descending channel often spots that prices are likely to keep rallying upward in case if price breaks out to the the upside.
It is not ruled out that a rangebound to the 93 level will occur on a breakout of the descending channel.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel pops up.
In case if price breaks out to the the downside, the resulting move could predict a breakdown is likely to occur.
Btcusd could recede to 85000.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle noticed, gold requests a strong move as an information of a breakout.
A descending triangle typically results in that the price to go short once price breaks out.
A bearish run to the 4300 mark looks probable as the commodity challenges 4315 hurdle.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
We can see that an ascending channel forms and ethusd calls for a more bigger move for clear breakdown confirmation.
An ascending channel is said to depict a bearish price action signal that predicts price heading to a new direction once price breaks out to the the downside.
It is possible that corrective downside to 2650 will be made amid the cryptocurrency recedes from recent highs.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bearish flag is detected.
A bearish flag typically results in a sharp decline when price breakdown occurs.
It is possible that a bearish push down to 86000 will be made.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel arising and the price requests a bigger move for the certainty of breakout.
An ascending channel is believed to be a specific bearish price action formation that results in the more likely potential of falling prices once price breaks out.
It is possible that a bearish run towards the 4300 mark will occur.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see an ascending triangle is close to being done.
An ascending triangle provides a bearish price action formation that is used to predict a next move down once price breaks through the support.
It is possible that a further bearish price action to the 2740 zone will form on a break below 2755.
DESCENDING CHANNEL
USD/JPY
1H
Usdjpy develops a descending channel, the price is about to break out soon.
A descending channel suggests a compelling formation that can be used to identify the bears have run out of steam once price breaks out to the the upside.
Usdjpy to look for a further push to 157.8.
FALLING WEDGE
Crude Oil
USOIL
1H
The price builds a falling wedge, the price is going to break out soon.
A falling wedge represents a useful price action indicator that can be used to spot an interruption of a downtrend once price breaks above resistance.
Crude-oil now looks to the 90 level on a breach of 89.4.
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