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Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel has been recognized and the price is breaking out.
An ascending channel is considered to be a chart pattern that predicts a move down if price breaks out.
Btcusd to accomodate towards 69000 on a breakdown of the ascending channel as minor hurdle remains at 69600.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge identified, the price breaks out.
A rising wedge is believed to be a bearish formation with an upward bias that can be used to signal a temporary interruption of an existing trend if price breaks out to the the downside.
A bearish continuation towards 69000 is likely to happen.
BEARISH FLAG
Bitcoin
BTC/USD
1H
As we can see a bearish flag has been observed.
A bearish flag is a pattern with an upward bias that indicates that the price to go short if price breaks out.
Btcusd still risks a move to 68000.
DESCENDING TRIANGLE
USD/JPY
1H
It looks like a descending triangle is discovered, the price is about to break out now.
A descending triangle predicts prices are likely to keep falling downward if price breaks through the support.
Usdjpy to continue the dereciation trend to 152.6.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel diagnosed and the price is close to breaking out now.
A descending channel typically signals a temporary interruption of an existing trend in case if price breaks above resistance.
It is not ruled out that a bullish push up towards 1.188 will form once beyond 1.1874 as minor hurdle remains at 1.1874.
FALLING WEDGE
Crude Oil
USOIL
1H
As we can see a falling wedge is nearing completion, the price is close to breaking out.
A falling wedge denotes a technical bullish chart signal that signals a bullish move if price breaks through the resistance.
There is a probability of a bullish move towards 63.5.
DESCENDING CHANNEL
GBP/USD
1H
As we can see a descending channel is close to being completed, gbpusd calls for a bit more consolidation as evidence of a breakout.
A descending channel provides a bullish chart formation with a downward bias that typically signals a next move up once price breaks out.
It is possible that a further bullish push up to the 1.366 zone will be made.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is close to being complete and the price demands push up as an indication of a breakout.
In case if price breaks above resistance, the move could signal that the price to go up.
It is not ruled out that a bullish price action to 1.364 will form on a breakout of the descending channel.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle happening.
If price breaks out, the resulting move could indicate prices are likely to keep falling downward.
It is possible that a further bearish continuation to the 152.6 level will happen.
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