Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle emerging and ethusd lacks further push up to confirm a breakout.
A descending triangle tends to be a reliable chart formation that predicts extending an uptrend once price breaks out to the the upside.
It is likely that a bullish move to 1690 will occur on a breach of 1680 as downside pressure mitigates.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel has been revealed, the price wants a further steady move as a clue of a breakdown.
An ascending channel spots a bearish move when price breakdown occurs.
There is a possibility of a bearish price action towards 1640.
DESCENDING TRIANGLE
Crude Oil
USOIL
1D
It seems like a descending triangle is found and the price is close to breaking out.
A descending triangle spots the bulls have run out of steam if price breaks below support.
A further move towards 80 is likely to happen.
DESCENDING CHANNEL
Gold
XAU/USD
4H
There is a descending channel spotted, the price is ready to break out soon.
When price breaks through the resistance, the resulting move could signal a further move up.
A further bullish run towards 4300 is possible.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge is almost done, the price is ready to break out.
In case if price breaks out, the resulting move could predict a bullish price move.
Eurusd risks a move towards 1.155 on a break above 1.155.
FALLING WEDGE
GBP/USD
1H
A falling wedge has been discovered, the price expects a further move to confirm falling wedge breakout.
If price breaks through the resistance, the move could spot a bullish move.
Gbpusd to resume its rise towards 1.338 once above 1.3375.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle turns up.
A rectangle describes a useful formation that predicts the bears have run out of steam in case if price breaks out to the the upside.
Ethusd points to the upside to 1680.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been detected.
A descending channel results in that the price to go long if price breaks out.
Gold could attempt a move to 4150 as uptrend may continue.
PENNANT
EUR/USD
4H
A pennant forms, the price is breaking out.
A pennant describes a technical bullish price action formation that often predicts a further move up once price breaks out to the the upside.
Eurusd to jump to the 1.156 mark as indicators turn bullish.
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.