Open:
High:
Low:
Close:
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag materializing and the price asks for further steady pullback as a signal of a breakout.
A bearish flag is a specific bearish price action formation that has an upward slope that can be used to predict a bearish move if price breaks below support.
Btcusd set to accelerate its decline to 71400.
BEARISH FLAG
Ethereum
ETH/USD
1H
There is a bearish flag arising, the price is going to break out soon.
A bearish flag represents a bearish signal that can be used to spot a move down when price breaks out to the the downside.
Decline towards the 2090 zone stays on the cards.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle appears, ethusd calls for a more bigger correction as an indication of a breakdown.
An ascending triangle represents a technical bearish chart formation that typically results in that the price to go down once price breaks through the support.
It is likely that decline towards 2080 will occur.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that ethusd shapes a rectangle, the price is ready to break out soon.
A rectangle provides a specific indicator that can be used to identify that the price will rally further in case if price breaks out.
A rangebound towards the 2110 level is on the way while above 2104.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that the price completes an ascending triangle and the price demands a steady move as an information of a breakout.
In case if price breaks through the resistance, the resulting move could predict extending an uptrend.
There is a probability of a bullish push up to the 71400 level on a break above 71250 as btcusd resumes the upside.
PENNANT
Bitcoin
BTC/USD
1D
It looks like a pennant is almost completed, btcusd wants a strong move as an information of a breakout.
A pennant depicts a bullish price formation that is used to indicate the more likely potential of rising prices in case if price breaks above resistance.
Btcusd to prolong the growth phase towards 75000 on a break above 72000 as btcusd nears 72000 hurdle.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge forming, btcusd wants steady push up as evidence of a breakout.
If price breaks out to the the upside, the resulting move could signal a further move up.
A bullish price action to 72000 about to be made on a breach of 70800.
BEARISH FLAG
Ethereum
ETH/USD
4H
As we can see a bearish flag is close to being complete and the price is close to breaking out.
A bearish flag identifies a technical price pattern that can be used to signal a potential reversal in price action when price breaks below support.
A bearish push down towards the 2050 mark is on the cards.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1D
There is a descending triangle forming and ethusd demands a steady move for the certainty of breakout.
A descending triangle often indicates that the price to go up in case if price breaks through the resistance.
Ethusd to maintain its positive tone to 2200.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.