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ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see ethusd shows an ascending triangle and the price demands a more bigger move to confirm ascending triangle breakout.
Once price breaks out, the move could signal that the price to go long.
There is a probability of a further bullish push up to 1620.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is found and the price demands a steady bullish action as a signal of a breakout.
An ascending triangle depicts a useful bullish signal that typically spots a bullish price move once price breaks out.
A further bullish move to 62000 is not ruled out while above 61800.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
The price builds a descending channel, the price is going to break out.
A descending channel can be thought of as a reliable price formation with a downward bias that identifies a bullish price move when price breaks above resistance.
It is not ruled out that a rangebound towards the 1700 mark will occur.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle diagnosed.
A descending triangle describes a useful chart indicator that spots a bullish price move when price breaks out.
It is possible that a bullish move towards 61000 will form on a breakout of the descending triangle.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle taking place and the price demands a bigger correction as a sign of a breakdown.
A symmetrical triangle depicts a compelling chart formation that is used to spot a bearish price action if price breaks through the support.
Btcusd to extend its setback towards the 60000 mark as the mood may get worse.
FALLING WEDGE
Ethereum
ETH/USD
1H
It seems like a falling wedge has been found, the price expects a further move for the certainty of breakout.
A falling wedge depicts a useful chart formation that has a downward slope that often results in an extension in the upward direction once price breaks out to the the upside.
Ethusd hints a change to the upside to 1600 once beyond 1560 as door open for a test of 1600.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
It seems like a descending channel is very close to being completed, btcusd requires a bigger move as an information of a breakout.
A descending channel identifies a reliable pattern that is angled down that often identifies a temporary interruption of an existing trend if price breaks out to the the upside.
It is possible that a further move towards 62000 will take place on a upside break.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
A symmetrical triangle turns up and the price wants a next bullish action as an information of a breakout.
A symmetrical triangle typically identifies that the price will rally further in case if price breaks above resistance.
Btcusd risks a move towards the 62000 level.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel pops up.
A descending channel results in the more likely potential of rising prices in case if price breaks out to the the upside.
A rangebound towards the 1600 zone is possible on a breach of 1580 amid rising bets for the move.
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