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DESCENDING TRIANGLE
Bitcoin
BTC/USD
1D
There is a descending triangle turning up.
A descending triangle depicts a reliable bearish chart formation that identifies the bulls have run out of steam when price breaks below support.
Btcusd to plummet towards the 62000 zone.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag recognized.
A bearish flag tends to be a bearish indicator that is used to indicate a bearish price move when price breaks out.
A bearish price action towards 62900 about to be made.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that the price shapes an ascending channel.
An ascending channel denotes a specific bearish chart indicator that often indicates a further move down if price breaks down.
There is a chance of a bearish move to the 1880 level on a breach of 1880 as gains remain capped.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price sets up an ascending triangle, the price is ready to break out.
An ascending triangle suggests a bullish pattern that often indicates that the price will rally further when price breaks through the resistance.
It is not ruled out that a move towards 1886 will be made as indicators turn bullish.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle happening and btcusd needs a bigger bullish continuation to confirm descending triangle breakout.
Once price breaks out, the resulting move could spot a bullish price action.
A rangebound to the 63100 mark is likely on a breach of 63080 as the cryptocurrency nears 63080 hurdle.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle appears.
An ascending triangle tends to be a bearish price action signal that can be used to identify a sharp decline when price breaks below support.
There is a probability of extra downside to the 63000 mark on a downside break.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
4H
There is a symmetrical triangle forming.
A symmetrical triangle is considered to be a technical price formation that typically indicates that the price to go short if price breaks out to the the downside.
Ethusd to continue the dereciation trend to 1860 on a breakdown of the symmetrical triangle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
We can see that an ascending triangle comes out and the price is ready to break out now.
An ascending triangle denotes a price signal that can be used to signal reversals in uptrends once price breaks out.
It is possible that decline to the 1880 level will occur on a breakdown of the ascending triangle.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel is close to being complete and the price is going to break out soon.
An ascending channel provides a technical bearish price action indicator that predicts a next move down once price breaks through the support.
Btcusd to suffer further downside to the 63000 mark on a breach of 63100 as btcusd becomes bearish.
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