Open:
High:
Low:
Close:
RECTANGLE
Ethereum
ETH/USD
1H
We can see that a rectangle is nearing completion and the price is ready to break out now.
When price breakdown occurs, the move could indicate extending an downtrend.
Ethusd risks a move to 2660.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel has been spotted and the price is going to break out soon.
If price collapses through the support line, the move could identify a next move down.
A bearish continuation towards 2680 is probable.
RISING WEDGE
Ethereum
ETH/USD
4H
It looks like a rising wedge happens, ethusd requests active pullback as evidence of a breakout.
A rising wedge provides a specific bearish signal that predicts a bearish price move in case if price breaks below support.
There is a chance of corrective downside towards 2680.
BULLISH FLAG
USD/JPY
1H
The price creates a bullish flag, the price is ready to break out.
A bullish flag describes a specific bullish price action pattern that can be used to indicate a move up in case if price breaks above resistance.
Usdjpy is bullish and en route towards 158.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel diagnosed, the price is breaking out.
In case if price breakdown occurs, the resulting move could indicate the more likely potential of falling prices.
Btcusd could extend its slump towards 84000 on a downside break as indicators favor bears.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is distinguished and the price expects a more steady move as a verification of a breakdown.
An ascending channel is a specific bearish pattern that predicts a tendency to break in the opposite direction once price collapses through the support line.
Gold to resume its downfall to 4140.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel occuring, btcusd wants a further bearish continuation as a signal of a breakout.
An ascending channel typically results in that the price to go short when price breaks through the support.
Btcusd risks extra downside to 85000.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge is close to being completed and the price lacks a further bigger impulse down as a signal of a breakout.
A rising wedge typically predicts prices are likely to keep falling downward when price breaks out to the the downside.
Ethusd risks potential downside to 2720 on a breakout of the rising wedge.
RECTANGLE
Gold
XAU/USD
1H
A rectangle has been uncovered, the price calls for next rise as an indication of a breakout.
A rectangle represents a bullish chart formation that often signals that the price to go up once price breaks above resistance.
There is a probability of a further bullish price action to 4210 while above 4205 as door open for the continuation of the uptrend.
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