Open:
High:
Low:
Close:
ASCENDING TRIANGLE
GBP/USD
1H
It looks like an ascending triangle is close to being finished and gbpusd needs a more move for clear breakout confirmation.
An ascending triangle results in the more likely potential of rising prices in case if price breaks above resistance.
Gbpusd to continue higher to the 1.344 mark on a break above 1.3432.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel revealed, eurusd demands a more move as a signal of a breakout.
A descending channel typically signals a downward trend is about to reverse into an upnward trend when price breaks out.
A bullish push up to the 1.12 zone is on the cards once beyond 1.1195.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle has been identified, the price is close to breaking out now.
A rectangle depicts a specific bullish price action signal that is used to identify a move up if price breaks above resistance.
Ethusd targets a move towards 2290.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see an ascending channel is encountered.
An ascending channel depicts a bearish pattern that typically identifies the bulls have run out of steam once price collapses through the support line.
It is not ruled out that extra downside towards the 2260 mark will form.
BEARISH FLAG
Bitcoin
BTC/USD
1H
A bearish flag is recognized.
A bearish flag suggests a bearish price signal that is used to indicate price reversal after a pause once price collapses through the support line.
Btcusd to experience further corrective weakness towards the 77500 zone once below 77900.
BEARISH FLAG
Ethereum
ETH/USD
1H
We can see that a bearish flag is close to being completed and the price calls for a bearish move as proof of a breakdown.
A bearish flag can be thought of as a specific bearish price formation that has an upward slope that indicates the bulls have run out of steam if price collapses through the support line.
Ethusd to resume its downfall to the 2250 zone on a breakout of the bearish flag as ethusd probes 2262 hurdle.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is almost done and btcusd lacks a bit more consolidation as an information of a breakout.
An ascending triangle depicts a price action signal that is used to spot that the price to go long if price breaks out.
A further bullish run to the 77800 level is on the way as minor hurdle remains at 77800.
PENNANT
Bitcoin
BTC/USD
1H
Btcusd builds a pennant and the price is about to break out.
A pennant signals a further move down if price breaks down.
Btcusd to extend its slide to 77000.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle developing and the price is ready to break out now.
A descending triangle can be thought of as a chart indicator that can be used to signal that the price will rally further if price breaks out.
Ethusd to jump towards 2260 as indicators favor bulls.
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