Open:
High:
Low:
Close:
RISING WEDGE
Bitcoin
BTC/USD
1H
The price shows a rising wedge and btcusd wants a next steady bearish continuation as a verification of a breakout.
A rising wedge often spots a pause in an uptrending market once price breaks out.
Btcusd does not rule out a move towards 66000 on a breakout of the rising wedge.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see ethusd forms an ascending channel and ethusd asks for an active move as an indication of a breakdown.
An ascending channel typically identifies a move down if price breakdown occurs.
Ethusd pulls back to 1900.
PENNANT
EUR/USD
1H
There is a pennant observed and the price is breaking out.
Once price breaks out, the move could identify the bulls have run out of steam.
There is a possibility of a bearish continuation to the 1.141 level as eurusd keeps the bid tone.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
There is an ascending triangle discovered.
Once price breaks out to the the upside, the resulting move could identify extending an uptrend.
Crude-oil hints a change to the upside to 85 as there is room for a upside correction.
DESCENDING TRIANGLE
GBP/USD
1H
The price creates a descending triangle.
A descending triangle provides a bearish indicator that can be used to signal a sharp decline in case if price breaks out to the the downside.
Gbpusd to extend the correction lower to 1.341.
PENNANT
EUR/USD
4H
It looks like eurusd creates a pennant and the price is about to break out.
A pennant represents a specific bearish chart indicator that typically indicates a further move down when price breaks through the support.
It is not ruled out that a bearish continuation towards 1.14 will form on a breach of 1.141 as outlook for eurusd stays negative.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge diagnosed.
When price collapses through the support line, the move could indicate a sharp decline.
It is possible that extra downside to 1920 will take place as the cryptocurrency challenges 1930 hurdle.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that the price creates a descending triangle.
Once price breaks above resistance, the resulting move could signal that the price will rally further.
There is a chance of a bullish continuation to the 83 zone as downside pressure seen easing.
DESCENDING CHANNEL
EUR/USD
1H
As we can see a descending channel is nearing completion, the price is going to break out now.
A descending channel typically identifies a trend change to the upside if price breaks through the resistance.
Eurusd to recover bullish potential to the 1.143 level while above 1.1424.
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