Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see a descending channel has been recognized.
When price breaks through the resistance, the move could predict a change in the prevailing trend.
Ethusd looks ready to further extend its gains to the 1830 level.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price creates a descending channel.
Once price breaks above resistance, the resulting move could identify a break during a downtrending market.
There is a probability of a move to 64200 as indicators turn bullish.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
Ethusd develops an ascending channel and ethusd requires a further bigger move as an information of a breakout.
An ascending channel can be thought of as a specific price action signal that is used to spot that the price to go down in case if price breaks below support.
Ethusd to nosedive to the 1800 zone on a breakdown of the ascending channel as ethusd sticks to the negative mood.
RISING WEDGE
Bitcoin
BTC/USD
1H
It looks like the price completes a rising wedge.
A rising wedge typically results in a bearish move once price breaks out.
Btcusd targets a move to the 64000 mark on a breach of 64250.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant turning up.
A pennant identifies a bullish price action in case if price breaks out.
Btcusd to resume its rise towards 64600 on a break above 64350 as door open for a test of 64600.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It seems like an ascending triangle materializes and btcusd requires a next active move as an information of a breakout.
An ascending triangle describes a compelling price action signal that indicates that the price to go short if price breaks through the support.
Btcusd to move downward to the 64000 level on a breakout of the ascending triangle as risk reversal sheds bullish bias.
PENNANT
Bitcoin
BTC/USD
1H
The price composes a pennant.
A pennant describes a specific bullish price action indicator that typically results in a move up when price breaks through the resistance.
Btcusd aims to complete a retracement to the 64400 level on a breach of 64250 as btcusd becomes supported.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle detected.
An ascending triangle signals an extension in the upward direction if price breaks out.
Ethusd to grind higher to the 1810 mark as extra rangebound not ruled out.
BULLISH RECTANGLE
Ethereum
ETH/USD
4H
As we can see a bullish rectangle has been exposed.
If price breaks through the resistance, the resulting move could identify that prices are likely to keep rallying upward.
It is not ruled out that a bullish move to 1820 will occur.
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