Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
The price gives a falling wedge.
A falling wedge identifies a reliable price action formation with a downward bias that can be used to signal that the price to go up if price breaks out to the the upside.
Btcusd to resume its rise to 77800.
RISING WEDGE
Ethereum
ETH/USD
1D
It seems like the price sets up a rising wedge.
When price breaks below support, the resulting move could identify a next move down.
Ethusd does not rule out a move to 2200 on a break below 2320 amid the cryptocurrency recedes from tops.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle is close to being completed, btcusd wants a next move as a clue of a breakout.
When price breaks out, the resulting move could indicate prices are likely to keep falling downward.
Further decline to 77000 about to be made.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see ethusd forms an ascending triangle and the price demands a next bigger move as evidence of a breakout.
An ascending triangle represents a bearish formation that signals extending an downtrend in case if price breaks down.
A further rangebound to 2310 is likely to happen.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is an ascending channel occuring.
Once price breaks out to the the downside, the resulting move could identify a further move down.
It is possible that further decline towards the 77000 mark will form on a breakout of the ascending channel.
RECTANGLE
USD/JPY
1H
There is a rectangle occuring, usdjpy asks for a bigger move as evidence of a breakout.
A rectangle identifies that the price to go short in case if price breaks below support.
Usdjpy to slide towards the 159.3 mark on a break below 159.38 as usdjpy becomes capped.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel coming out and the price is going to break out.
An ascending channel suggests a compelling bearish price indicator that indicates a bearish move if price breakdown occurs.
A further move towards 93 is not ruled out.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel recognized, the price is about to break out now.
A descending channel often spots a temporary interruption of an existing trend when price breaks above resistance.
A further bullish price action towards 1.352 is on the way as bullish momentum increases.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge exposed and the price demands a strong move as an information of a breakout.
A falling wedge suggests a specific bullish chart pattern that indicates a countertrend succeeding the current trend once price breaks above resistance.
Gold points to the upside to the 4720 level.
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