Open:
High:
Low:
Close:
RISING WEDGE
Ethereum
ETH/USD
1H
We can see that a rising wedge is very close to being finished and ethusd demands a more active move for clear breakout confirmation.
A rising wedge often identifies a change in the prevailing trend if price breaks down.
Ethusd to resume its downfall to the 1915 level on a break below 1920.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
As we can see ethusd completes an ascending channel.
An ascending channel is said to depict a specific bearish price action pattern that has an upward slope that can be used to signal a next move down in case if price breakdown occurs.
Ethusd to maintain its negative tone towards the 1900 mark while lower than 1920 as the cryptocurrency nears 1920 hurdle.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant taking place and btcusd needs a move as a clue of a breakout.
In case if price breaks out to the the downside, the move could identify a next move down.
Btcusd is bearish and en route to 64800 as upside pressure mitigates.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
It seems like ethusd shapes a symmetrical triangle.
A symmetrical triangle indicates that the price will rally further once price breaks out to the the upside.
Ethusd now looks to 1930.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant forming, the price is going to break out.
Once price breaks through the resistance, the resulting move could indicate a bullish move.
It is likely that a bullish push up towards 65200 will be made on a breakout of the pennant as the cryptocurrency nears 65000 hurdle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle poping up and ethusd lacks a more impulse up as an information of a breakout.
When price breaks above resistance, the move could signal the bears have run out of steam.
A bullish continuation to the 1940 level is on the cards as bullish momentum increases.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel exposed and ethusd expects a next move for the certainty of breakdown.
An ascending channel depicts a reliable price indicator that often predicts a bearish price move in case if price breaks through the support.
Ethusd is bearish and en route towards 1910 on a breach of 1914 as ethusd becomes offered.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge encountered and btcusd expects a bigger correction to confirm a breakdown.
A rising wedge represents a technical price signal that can be used to spot a next move down once price collapses through the support line.
There is a chance of a bearish continuation towards the 64800 zone as bears seeking a new low.
RISING WEDGE
Crude Oil
USOIL
1H
It looks like the price shapes a rising wedge.
A rising wedge depicts a useful bearish price formation with an upward bias that is used to predict that the price to go down if price breaks out to the the downside.
Corrective downside to the 76 mark is likely to happen as risk reversal sheds bullish bias.
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