Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel arising and the price is going to break out.
A descending channel typically predicts a bullish price move once price breaks above resistance.
Ethusd looks north towards 1890 on impulse above 1884.
PENNANT
GBP/USD
1D
There is a pennant detected and the price is ready to break out now.
A pennant results in that the price will rally further if price breaks above resistance.
Gbpusd to look for a further push towards 1.36 on a breakout of the pennant.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge has been determined and the price lacks a more bullish move as an information of a breakout.
Once price breaks out, the move could identify a potential bullish reversal in price action.
Btcusd now looks towards 63200.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel spotted and the price is close to breaking out.
A descending channel describes a reliable pattern that has a downward slope that often predicts price reversal after a pause in case if price breaks out.
A move towards the 159.6 mark is about to happen on a break above 159.4.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see a falling wedge occurs.
Once price breaks through the resistance, the move could signal that the price to go up.
Ethusd to enjoy a considerable gain towards 1890 as bulls looking for upside correction.
PENNANT
Crude Oil
USOIL
1H
There is a pennant coming out and the price is breaking out.
A pennant is a chart signal that spots a sharp decline if price breakdown occurs.
Crude-oil to maintain its negative tone towards 80.5 as sell-off may continue.
DESCENDING CHANNEL
Gold
XAU/USD
1H
There is a descending channel diagnosed.
A descending channel predicts a bullish move once price breaks through the resistance.
Gold to maintain its positive tone to 4400 on impulse above 4390.
PENNANT
Crude Oil
USOIL
4H
It seems like a pennant is almost finished and crude-oil lacks steady fall for the certainty of breakdown.
A pennant spots prices are likely to keep falling downward once price breakdown occurs.
Crude-oil to suffer a steeper decline to 80 on impulse below 81.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel comes out.
A descending channel suggests a bullish pattern that has a downward slope that often results in a next move up in case if price breaks out.
Gold looks north towards the 4380 level once above 4375.
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