Open:
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ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle noticed, ethusd demands a move for clear breakout confirmation.
An ascending triangle denotes a compelling bearish price action formation that often results in a sharp decline in case if price breaks out to the the downside.
Ethusd to drop towards the 2660 level on a breakdown of the ascending triangle as door open for a test of 2660.
PENNANT
Bitcoin
BTC/USD
1H
It seems like a pennant happens, the price requests a further active move as an information of a breakout.
A pennant suggests a bullish pattern that can be used to spot a sharp rise once price breaks out.
A further move to the 84500 level is a possibility.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle takes place and the price is about to break out now.
A descending triangle can be thought of as a technical price action formation that can be used to identify a next move up in case if price breaks through the resistance.
Ethusd could attempt a move towards the 2700 level as uptrend may continue.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel occuring, ethusd demands more steady pullback as a clue of a breakdown.
An ascending channel identifies an upward trend is nearing its end when price breaks out.
A move towards the 2660 level looks possible once below 2685.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge appearing, the price requires a bit more consolidation as a sign of a breakout.
A falling wedge depicts a chart pattern that has a downward slope that can be used to predict a countertrend succeeding the current trend when price breaks out to the the upside.
It is not ruled out that a rangebound to 84500 will be made on impulse above 84000 as downside pressure alleviates.
RISING WEDGE
EUR/USD
1H
There is a rising wedge occuring, eurusd demands a move as a sign of a breakout.
In case if price breaks out to the the downside, the resulting move could signal a temporary interruption during a rising market.
Eurusd to push down to 1.139.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge recognized.
A rising wedge is considered to be an indicator that signals a change in price direction once price breaks down.
Corrective downside towards the 2660 zone is likely.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle materializing, the price demands a next move as an information of a breakout.
A rectangle depicts a specific bearish chart signal that can be used to predict the more likely potential of falling prices if price breakdown occurs.
Crude-oil opens door for a move to 91 on impulse below 92.2.
RISING WEDGE
Bitcoin
BTC/USD
1H
We can see that a rising wedge is discovered, btcusd expects steady push down for the certainty of breakdown.
A rising wedge results in a bearish move when price breaks down.
Btcusd challenges a move to 84000 on a breakout of the rising wedge as extra rangebound not ruled out.
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