Open:
High:
Low:
Close:
BULLISH RECTANGLE
Bitcoin
BTC/USD
1H
Btcusd gives a bullish rectangle.
A bullish rectangle signals that the price to go long when price breaks above resistance.
There is a probability of a bullish continuation towards the 75500 mark once above 75100.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like a descending triangle happens.
A descending triangle is said to depict a reliable bullish formation that can be used to identify a bullish price move once price breaks above resistance.
It is likely that a bullish move to the 2360 mark will be made.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel observed.
A descending channel typically results in a next move up in case if price breaks through the resistance.
It is not ruled out that a bullish move towards the 92 zone will take place.
ASCENDING CHANNEL
Gold
XAU/USD
1H
It seems like an ascending channel is diagnosed.
When price breaks out, the resulting move could signal a move down.
A rangebound to 4800 stays on the cards.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel forms, ethusd requires a move as a signal of a breakdown.
An ascending channel is considered to be a useful price action pattern that can be used to indicate a further move down if price breaks out to the the downside.
It is likely that a further move towards the 2300 level will occur as sell-off may continue.
DESCENDING CHANNEL
USD/JPY
1H
It looks like a descending channel forms, the price is ready to break out soon.
A descending channel tends to be a pattern that typically results in a move up when price breaks out.
Usdjpy targets a move to 159.2.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is recognized and the price requires a steady move as a verification of a breakdown.
In case if price breaks out, the resulting move could identify a trend change to the downside.
Btcusd to move downward to 74000 on a breakout of the ascending channel as risk reversal sheds bullish bias.
RISING WEDGE
Gold
XAU/USD
4H
It looks like a rising wedge happens and the price asks for a next correction to confirm a breakdown.
A rising wedge is believed to be a technical chart indicator that can be used to signal that the price to go down once price breakdown occurs.
There is a chance of a rangebound to 4800 as bears seeking a new low.
ASCENDING CHANNEL
EUR/USD
4H
An ascending channel has been exposed.
An ascending channel represents a specific signal that often predicts a move down in case if price breaks out to the the downside.
It is not ruled out that a move towards the 1.175 mark will happen on a breach of 1.177 as bears looking for downside correction.
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