Open:
High:
Low:
Close:
PENNANT
Ethereum
ETH/USD
1H
As we can see a pennant is nearing completion and ethusd asks for a further active move as a verification of a breakout.
A pennant results in that the price will rally further if price breaks through the resistance.
Ethusd is bullish and en route to the 2120 level.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle turns up.
An ascending triangle tends to be a useful price formation that can be used to identify the more likely potential of falling prices in case if price breaks down.
There is a probability of a bearish continuation to the 103 zone as bears looking for profit.
DESCENDING TRIANGLE
GBP/USD
1H
Gbpusd sets up a descending triangle and the price is ready to break out soon.
A descending triangle identifies an extension in the downward direction when price collapses through the support line.
It is likely that extra downside towards 1.338 will form as extra rangebound not ruled out.
FALLING WEDGE
EUR/USD
1H
A falling wedge is discovered, the price breaks out soon.
A falling wedge can be thought of as a compelling bullish chart indicator that often indicates a move up once price breaks through the resistance.
A bullish push up towards 1.162 is possible as risk reversal sheds bearish bias.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant poping up and btcusd lacks a further move as a signal of a breakout.
When price breaks out to the the upside, the resulting move could signal a sharp rise.
Btcusd to recover bullish potential towards the 77500 level as downside pressure alleviates.
SYMMETRICAL TRIANGLE
GBP/USD
1H
A symmetrical triangle arises and the price breaks out soon.
A symmetrical triangle tends to be a reliable signal that typically spots the bears have run out of steam once price breaks through the resistance.
There is a possibility of a move towards 1.342 on a breach of 1.3405.
RISING WEDGE
USD/JPY
1H
A rising wedge is nearing completion, the price demands a more move as proof of a breakout.
A rising wedge represents a reliable bearish price pattern with an upward bias that can be used to identify a move down when price breaks out to the the downside.
There is a probability of a rangebound to the 158.7 level on a breakout of the rising wedge.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant occuring, the price is ready to break out.
A pennant spots a bearish price action when price collapses through the support line.
Ethusd could attempt a move towards 2100 on a breakout of the pennant as ethusd becomes weaker.
ASCENDING CHANNEL
USD/JPY
4H
There is an ascending channel happening, usdjpy demands a next steady move for the certainty of breakdown.
An ascending channel tends to be a chart formation that can be used to identify price heading to a new direction if price collapses through the support line.
There is a probability of a bearish move towards the 158.5 level on a breakout of the ascending channel.
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