Open:
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Low:
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PENNANT
Ethereum
ETH/USD
1H
It looks like a pennant is close to being finished, the price is close to breaking out soon.
A pennant predicts the more likely potential of falling prices once price breaks out to the the downside.
Ethusd to head towards 2220 on a downside break.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is almost done, btcusd requests a next bigger impulse up to confirm falling wedge breakout.
A falling wedge often results in that prices move counter to the prevailing price trend when price breaks out to the the upside.
It is likely that a bullish continuation towards the 77500 mark will be made on a breakout of the falling wedge.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle taking place and the price is about to break out.
A descending triangle identifies a chart indicator that results in that the price to go long when price breaks out to the the upside.
Ethusd tests a move to 2260 on a breakout of the descending triangle.
DESCENDING CHANNEL
GBP/USD
1D
There is a descending channel occuring and the price demands a steady move as an information of a breakout.
A descending channel signals an interruption of a downtrend if price breaks through the resistance.
Gbpusd hints a change to the upside towards the 1.35 zone as minor hurdle remains at 1.34.
DESCENDING CHANNEL
USD/JPY
1H
The price shows a descending channel and the price requires a further impulse up as proof of a breakout.
When price breaks out to the the upside, the resulting move could spot a change in the prevailing trend.
Usdjpy to look for a further push to 157.6 as there is a chance for a upside correction.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel uncovered.
A descending channel indicates an extension in the upward direction when price breaks out to the the upside.
Usdjpy to peak towards 157.6 on a breach of 157.45.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel noticed.
In case if price breakdown occurs, the resulting move could spot that the price to go short.
A bearish price action towards 1.338 is likely to happen while lower than 1.3395.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel is very close to being completed, the price is close to breaking out.
An ascending channel suggests a specific bearish price action pattern with an upward bias that can be used to identify a sharp decline when price breaks through the support.
A further bearish continuation towards 1.118 is possible.
BEARISH RECTANGLE
Gold
XAU/USD
4H
A bearish rectangle is almost done, gold expects a bigger move as evidence of a breakout.
A bearish rectangle denotes a useful chart pattern that often identifies a bearish move if price breaks below support.
A rangebound towards the 3980 mark looks likely as upside pressure alleviates.
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