Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is detected and the price is close to breaking out soon.
In case if price breaks down, the resulting move could signal that the price to go down.
A further bearish move towards the 70000 zone is likely.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel appearing.
An ascending channel typically results in a breakdown is likely to occur if price breaks through the support.
Ethusd does not rule out a move to the 2100 zone.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
There is a descending triangle arising and the price is about to break out.
When price breaks through the support, the move could signal the more likely potential of falling prices.
There is a probability of a bearish price action towards the 5050 level as there is a chance for a downside correction.
RISING WEDGE
USD/JPY
1H
A rising wedge pops up and the price is breaking out.
In case if price breaks through the support, the resulting move could indicate that the price to go short.
Usdjpy now looks to 159.2.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge observed and the price breaks out now.
A falling wedge denotes a reliable signal that can be used to predict that prices are likely to keep rallying upward in case if price breaks through the resistance.
A bullish price action to 5100 looks likely as weakness seen overdone.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge discovered.
A rising wedge suggests a compelling chart formation that spots a bearish move once price breaks below support.
A bearish run towards the 94 level is not ruled out on a breach of 96 as weakness continues.
ASCENDING CHANNEL
GBP/USD
4H
As we can see an ascending channel is exposed, the price asks for a more move to confirm ascending channel breakout.
An ascending channel describes a specific chart formation that typically signals a further move down when price breaks below support.
Gbpusd turns lower to 1.325 as the mood may get worse.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
An ascending channel is identified.
An ascending channel identifies that the price to go down once price collapses through the support line.
Crude-oil to accomodate towards the 90 level on a breach of 95.
DESCENDING TRIANGLE
EUR/USD
4H
We can see that a descending triangle has been noticed.
A descending triangle predicts that the price to go down in case if price breakdown occurs.
Eurusd to plummet to 1.145 as the currency pair is at a brink of a bearish breakout.
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