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DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel is found and gold asks for a bullish action as proof of a breakout.
A descending channel predicts a bullish price action if price breaks through the resistance.
A bullish price action towards 4380 looks likely.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle encountered.
An ascending triangle typically predicts that the price to go down when price collapses through the support line.
Ethusd risks suffer setback to the 2700 level on a downside break.
BEARISH FLAG
USD/JPY
1H
There is a bearish flag identified, the price is ready to break out now.
A bearish flag identifies a technical pattern with an upward bias that is used to predict a bearish price move if price breaks through the support.
Extra downside towards 157.4 looks possible.
RECTANGLE
Crude Oil
USOIL
1H
Crude-oil forms a rectangle.
A rectangle typically results in prices are likely to keep falling downward in case if price breaks out.
A bearish push down towards 90 is about to happen on a breach of 91.2.
RECTANGLE
GBP/USD
1H
There is a rectangle uncovered.
A rectangle typically signals extending an downtrend in case if price breaks through the support.
Gbpusd to suffer further downside to the 1.335 level on a breakout of the rectangle as the currency pair becomes offered.
BULLISH FLAG
GBP/USD
1H
A bullish flag has been exposed and gbpusd demands an active move as a sign of a breakout.
A bullish flag suggests a compelling formation that typically results in that the price to go up if price breaks out.
Gbpusd advances higher towards the 1.34 zone.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel has been exposed, the price is ready to break out now.
When price breaks through the support, the resulting move could predict a bearish price move.
A bearish move to 2700 is likely to happen on impulse below 2740 amid rising bets for the move.
PENNANT
USD/JPY
1H
A pennant comes out and usdjpy demands a steady move as a verification of a breakout.
In case if price breaks out to the the upside, the move could indicate a further move up.
Usdjpy to move upward towards the 157.6 level on a break above 157.4.
BULLISH RECTANGLE
Bitcoin
BTC/USD
1D
Btcusd develops a bullish rectangle, the price breaks out soon.
If price breaks through the resistance, the move could predict extending an uptrend.
Btcusd to maintain its positive tone to the 84000 level.
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