Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel discovered and btcusd needs a bigger impulse down for clear breakdown confirmation.
An ascending channel represents a bearish price indicator that is used to spot a bearish price action when price breaks through the support.
Btcusd to drop to the 77500 mark as indicators turn bearish.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
Crude-oil composes a descending channel, crude-oil lacks a steady move as an indication of a breakout.
A descending channel typically results in a bullish price action in case if price breaks out to the the upside.
Crude-oil points to the upside to the 97 zone on a breakout of the descending channel.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see ethusd shapes an ascending channel.
An ascending channel identifies a reliable bearish price action pattern that is used to signal that the price to go short once price breaks down.
It is not ruled out that a bearish price action to 2300 will happen as door open for a test of 2300.
DESCENDING CHANNEL
Gold
XAU/USD
1H
As we can see a descending channel is almost finished and the price is ready to break out.
Once price breaks out, the move could signal an interruption of a downtrend.
It is likely that a bullish run towards 4740 will occur on a breakout of the descending channel.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is an ascending triangle observed, the price breaks out soon.
An ascending triangle is a bearish signal that can be used to identify a next move down once price breaks out.
Btcusd could recede to the 77000 mark as gains remain capped.
DESCENDING TRIANGLE
USD/JPY
1H
It seems like a descending triangle has been noticed.
A descending triangle depicts a reliable bearish pattern that is used to predict an extension in the downward direction if price breaks out.
There is a probability of decline to the 159.3 level as the currency pair probes 159.34 hurdle.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle found and ethusd asks for further steady push up to confirm rectangle breakout.
When price breaks out to the the upside, the resulting move could spot a bullish price move.
It is likely that a bullish price action to 2325 will occur on a break above 2320.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that a descending triangle has been spotted and btcusd expects a bigger move for the certainty of breakout.
A descending triangle depicts a technical formation that signals a further move up when price breaks out to the the upside.
There is a chance of a bullish push up towards the 77800 zone on impulse above 77600 as minor hurdle remains at 77600.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge materializes.
A falling wedge denotes a compelling bullish price formation that spots the bears have run out of steam in case if price breaks above resistance.
Btcusd to peak to the 77800 level on a breach of 77550 as extra rangebound not ruled out.
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.