Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is uncovered.
In case if price breaks out to the the upside, the resulting move could spot a temporary interruption during a falling market.
There is a possibility of a bullish push up to 60400.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel is very close to being finished, ethusd needs active pullback for the certainty of breakout.
An ascending channel typically identifies extending an downtrend in case if price breaks through the support.
There is a chance of decline to the 1560 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to being complete.
An ascending channel denotes a compelling price indicator that can be used to indicate a bearish price move in case if price breaks below support.
Btcusd looks south towards 60000 as the mood may get worse.
RISING WEDGE
Ethereum
ETH/USD
1H
We can see that a rising wedge has been recognized.
A rising wedge depicts a useful pattern that typically identifies that the price to go down when price breaks out.
Ethusd to push down towards 1560 on a breakout of the rising wedge.
RISING WEDGE
Bitcoin
BTC/USD
1H
It looks like a rising wedge is close to completion and the price breaks out now.
If price collapses through the support line, the resulting move could signal the bulls have run out of steam.
There is a probability of a bearish price action to the 60000 mark on a breakout of the rising wedge.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle is almost done.
A rectangle depicts a compelling chart pattern that is used to identify a further move up if price breaks through the resistance.
There is a probability of a bullish continuation to the 61000 mark as minor hurdle remains at 60600.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle arises.
An ascending triangle is said to depict a compelling price pattern that results in a bearish price move in case if price breaks through the support.
There is a probability of corrective downside towards the 60000 zone.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
It seems like a descending channel comes out, the price is breaking out.
A descending channel represents a useful signal that identifies a potential bullish reversal in price action once price breaks out.
Ethusd to maintain its positive tone towards the 1650 zone once beyond 1590 as ethusd challenges 1590 hurdle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle materializing.
Once price breaks out, the resulting move could predict that prices are likely to keep rallying upward.
Ethusd to jump towards the 1600 level.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.