Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge has been spotted, the price is breaking out.
A falling wedge often predicts a move up if price breaks through the resistance.
There is a possibility of a rangebound towards the 76000 level.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold creates a descending channel.
When price breaks out to the the upside, the move could identify a break during a downtrending market.
Gold to recover bullish potential towards 4060.
RISING WEDGE
USD/JPY
1H
A rising wedge appears.
When price collapses through the support line, the move could signal a break during an uptrending market.
Usdjpy to push down towards 158.8 as the currency pair challenges 158.85 hurdle.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel taking place and the price demands a further strong move to confirm a breakout.
In case if price breaks through the resistance, the resulting move could identify a downward trend is nearing its end.
There is a probability of a bullish continuation to the 74000 level.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
It seems like a descending triangle is almost done.
A descending triangle suggests a useful price action formation that is used to signal the more likely potential of rising prices once price breaks out.
Crude-oil to have better chances of advancing towards 87.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is nearing completion and btcusd calls for a next bullish move as an information of a breakout.
A descending channel is believed to be a useful bullish chart indicator that can be used to indicate that the price to go long when price breaks out to the the upside.
A move to the 74000 mark is likely on a breach of 73800.
FALLING WEDGE
Crude Oil
USOIL
1H
It seems like a falling wedge is very close to being completed, crude-oil demands a move as an information of a breakout.
A falling wedge is considered to be a compelling bullish chart indicator that can be used to signal a bullish price move once price breaks out to the the upside.
There is a chance of a rangebound to 86.
BEARISH FLAG
EUR/USD
1H
It looks like the price sets up a bearish flag and the price wants a move for the certainty of breakdown.
A bearish flag indicates that the price to go down if price breaks below support.
Eurusd set to extend its decline to 1.118.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is nearing completion, the price is ready to break out now.
A pennant often predicts extending an downtrend when price breaks below support.
A rangebound towards 74000 is possible as weakness continues.
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