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RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge determined and the price lacks a bigger correction as an information of a breakdown.
A rising wedge typically identifies a change in price direction if price breakdown occurs.
Ethusd points to the downside to 2000 as the cryptocurrency becomes under pressure.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag forming, the price is breaking out.
A bearish flag identifies a reliable bearish chart signal that can be used to spot a bullish-to-bearish trend reversal if price breaks below support.
Extra downside to 68000 is about to happen.
BEARISH FLAG
Bitcoin
BTC/USD
1H
We can see that a bearish flag materializes, the price needs a further strong move as evidence of a breakout.
A bearish flag is considered to be a price formation with an upward bias that often results in the more likely potential of falling prices once price breakdown occurs.
Btcusd to continue the dereciation trend towards 70000 as the cryptocurrency failes to keep gains.
DESCENDING CHANNEL
USD/JPY
1D
We can see that a descending channel has been exposed, the price is ready to break out soon.
If price breaks above resistance, the resulting move could signal price reversal after a pause.
Usdjpy tests a move towards 160 as the currency pair becomes bullish.
ASCENDING TRIANGLE
GBP/USD
1H
The price sets up an ascending triangle, gbpusd requires a bigger move for clear breakdown confirmation.
When price breaks out to the the downside, the resulting move could signal the bulls have run out of steam.
It is not ruled out that a bearish move to 1.36 will be made on a downside break as minor hurdle remains at 1.362.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
The price composes a descending channel.
A descending channel predicts a bullish price action once price breaks out.
It is not ruled out that a bullish push up to the 64.5 level will form as crude-oil loses bearish momentum.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
As we can see a descending channel is observed and the price is breaking out.
A descending channel often spots a downward trend is about to reverse into an upnward trend if price breaks out to the the upside.
Ethusd looks ready to further extend its gains to the 2200 zone on impulse above 2100.
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle coming out.
A symmetrical triangle is considered to be a bullish price action formation that indicates the bears have run out of steam if price breaks out to the the upside.
Usdjpy to push up towards the 157.2 mark on a breakout of the symmetrical triangle.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge is noticed, the price is breaking out.
A falling wedge describes a bullish price indicator that can be used to predict that prices are likely to keep rallying upward once price breaks above resistance.
Eurusd to extend its rebound to 1.18 on a breach of 1.1794 as downside pressure mitigates.
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