Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant encountered and the price expects strong rise as evidence of a breakout.
If price breaks above resistance, the resulting move could indicate a move up.
There is a probability of a bullish continuation to 82000 as door open for a test of 82000.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
We can see that a descending triangle happens.
A descending triangle can be thought of as a bearish indicator that can be used to predict prices are likely to keep falling downward once price breaks through the support.
Ethusd could extend its slump towards 2380.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel has been found.
An ascending channel predicts a change in price direction once price breakdown occurs.
A bearish price action towards 2400 is likely to happen on impulse below 2425 as the cryptocurrency becomes bearish.
BULLISH FLAG
Bitcoin
BTC/USD
1H
A bullish flag appears and the price demands a steady move as a clue of a breakout.
A bullish flag identifies a useful chart formation that has a downward slope that can be used to signal a bullish price move if price breaks through the resistance.
There is a chance of a further bullish run to the 82000 mark on a break above 81700 as downside pressure seen easing.
DESCENDING CHANNEL
GBP/USD
1D
A descending channel is distinguished.
A descending channel results in a bullish price move in case if price breaks out to the the upside.
Gbpusd to grind higher to the 1.34 level as gbpusd becomes supported.
ASCENDING CHANNEL
GBP/USD
1H
The price creates an ascending channel and gbpusd requires a further move as an information of a breakdown.
An ascending channel is a reliable chart pattern that has an upward slope that typically predicts a next move down when price breaks out.
It is possible that corrective downside towards 1.33 will form on a breakout of the ascending channel as gbpusd becomes bearish.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel arising.
An ascending channel often results in the bulls have run out of steam in case if price breaks through the support.
Gold to accomodate to 4160 on impulse below 4170.
PENNANT
USD/JPY
1H
Usdjpy shows a pennant and the price is ready to break out soon.
A pennant typically predicts a bullish move when price breaks above resistance.
There is a probability of a move towards the 158.1 level as bulls lurking in demand zone.
ASCENDING CHANNEL
EUR/USD
1H
It seems like an ascending channel is identified, eurusd calls for a bearish action as a verification of a breakdown.
An ascending channel typically identifies that the price to go short in case if price breaks through the support.
Eurusd could attempt a move towards 1.122.
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