Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel emerging.
In case if price breaks out to the the upside, the resulting move could identify a break in the price direction.
Btcusd aims to complete a retracement towards the 76000 level on a break above 75600 as door open for a test of 76000.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1D
There is an ascending channel exposed, btcusd demands a further active move as a signal of a breakout.
An ascending channel tends to be a useful bearish price action indicator that signals a change in the prevailing trend in case if price breaks below support.
A bearish price action towards 74000 is a possibility.
DESCENDING CHANNEL
USD/JPY
1D
It looks like usdjpy forms a descending channel.
A descending channel identifies a compelling bullish signal that spots price reversal after a pause in case if price breaks above resistance.
A bullish run to the 160 mark is on the way while above 159.2.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle arising.
A descending triangle results in a sharp decline if price breaks below support.
A rangebound to the 2100 zone stays on the cards.
RISING WEDGE
GBP/USD
4H
The price establishes a rising wedge and the price is about to break out.
A rising wedge can be thought of as a chart signal that results in a bearish price action once price breaks down.
It is likely that extra downside towards the 1.34 level will form on a breakout of the rising wedge.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that a descending triangle is noticed.
A descending triangle describes a useful pattern that spots prices are likely to keep falling downward in case if price breaks out to the the downside.
Crude-oil to push down to the 94 level on a breakout of the descending triangle as the commodity sticks to the negative mood.
ASCENDING TRIANGLE
GBP/USD
1H
Gbpusd develops an ascending triangle.
An ascending triangle typically indicates that prices are likely to keep rallying upward if price breaks through the resistance.
Gbpusd to maintain its positive tone to 1.345 while above 1.345 as gbpusd probes 1.345 hurdle.
PENNANT
EUR/USD
1H
It seems like a pennant pops up, eurusd expects a next steady bullish action as a verification of a breakout.
A pennant is believed to be a bullish signal that typically results in that the price to go long once price breaks above resistance.
Eurusd challenges a move towards 1.162.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle exposed.
A descending triangle typically identifies the more likely potential of falling prices once price collapses through the support line.
Corrective downside towards 2100 is not ruled out amid rising bets for the move.
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