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FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge has been spotted and btcusd requires a strong move as proof of a breakout.
A falling wedge describes a specific price formation that has a downward slope that is used to identify a move up once price breaks through the resistance.
It is not ruled out that a rangebound to 67200 will occur on a break above 67000 as bulls looking for profit.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge appearing and the price is ready to break out.
Once price breaks out, the move could identify that prices are likely to keep rallying upward.
There is a chance of a further bullish push up to 2050 while above 2038.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle happens, the price asks for a steady move as proof of a breakout.
If price breaks out to the the downside, the resulting move could signal a bearish price action.
Btcusd to maintain its negative tone towards 66600 as outlook for btcusd stays negative.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle uncovered.
A descending triangle identifies a useful indicator that is used to identify the more likely potential of rising prices once price breaks above resistance.
A move to 68000 is a possibility on a break above 67200 as btcusd challenges 67200 hurdle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
An ascending triangle is identified, the price is breaking out.
When price breaks down, the resulting move could indicate that the price to go short.
Ethusd set to accelerate its decline towards 2020 on a breakout of the ascending triangle.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel is almost done and the price is ready to break out.
An ascending channel suggests a useful indicator that often identifies a tendency to break in the opposite direction in case if price breaks out.
Ethusd points to the downside to the 2050 zone on a breakout of the ascending channel.
RISING WEDGE
Bitcoin
BTC/USD
1H
As we can see the price develops a rising wedge, the price requires a further bigger bearish continuation as an indication of a breakout.
A rising wedge represents a reliable bearish chart pattern with an upward bias that is used to predict the more likely potential of falling prices if price breaks down.
A bearish move to the 67000 zone is likely to happen on a downside break.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle pops up.
A descending triangle often indicates a sharp rise when price breaks out.
It is possible that a bullish continuation to the 2060 mark will be made on a breach of 2054.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
Btcusd establishes an ascending triangle.
An ascending triangle is considered to be a technical price formation that identifies the more likely potential of rising prices in case if price breaks out to the the upside.
Btcusd to surge considerably to 67200 on a breach of 67050 as weakness seen overdone.
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