Open:
High:
Low:
Close:
FALLING WEDGE
Ethereum
ETH/USD
1H
We can see that a falling wedge is very close to being finished and the price is close to breaking out now.
A falling wedge provides a specific signal that can be used to predict a tendency to break in the opposite direction if price breaks above resistance.
Ethusd turns higher to 2620.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge turning up.
A falling wedge typically spots a trend change to the upside when price breaks out to the the upside.
Btcusd violates bearish trendline to the 81000 zone on a break above 80600.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to completion, the price is going to break out.
An ascending channel typically spots a potential bearish reversal in price action when price breaks out.
A further move towards 81000 is on the cards.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see an ascending channel has been diagnosed.
An ascending channel is considered to be a reliable signal that often indicates a pause in an uptrending market in case if price collapses through the support line.
Ethusd challenges a move towards 2620 on a breach of 2625.
DESCENDING CHANNEL
EUR/USD
1H
Eurusd creates a descending channel and the price requests bigger rise as a verification of a breakout.
When price breaks through the resistance, the resulting move could indicate that the price to go up.
Eurusd violates bearish trendline towards the 1.149 mark as downside pressure mitigates.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel has been found.
A descending channel is considered to be a useful price formation that often identifies a further move up when price breaks above resistance.
Eurusd targets a move to 1.155 as eurusd probes 1.149 hurdle.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel diagnosed and the price demands a more bigger bearish action as a signal of a breakdown.
An ascending channel often spots a bearish price action when price collapses through the support line.
It is likely that a further bearish push down towards 157 will form once below 157.3.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel uncovered, gbpusd demands a bit more consolidation as a sign of a breakout.
A descending channel is a specific bullish indicator that often signals reversals in downtrends once price breaks out to the the upside.
A bullish push up to 1.337 is a possibility.
DESCENDING TRIANGLE
GBP/USD
1H
A descending triangle has been detected and the price is about to break out soon.
A descending triangle is a useful bearish formation that is used to indicate a bearish move if price collapses through the support line.
There is a chance of decline to the 1.334 zone on a breakdown of the descending triangle as the currency pair probes 1.334 hurdle.
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