Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle arises and the price breaks out now.
An ascending triangle is a bearish chart formation that often identifies that the price to go short when price breaks through the support.
There is a possibility of corrective downside to 77000.
BEARISH RECTANGLE
EUR/USD
1H
A bearish rectangle is distinguished.
In case if price breaks down, the move could predict a sharp decline.
There is a chance of extra downside to 1.168.
BULLISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bullish flag is close to completion.
In case if price breaks out to the the upside, the move could predict that the price to go up.
Btcusd pushes higher to 78500.
BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag forming.
When price breaks out, the resulting move could predict a further move up.
Ethusd to look for a further push to 2340 on a upside break.
RECTANGLE
GBP/USD
1H
It seems like a rectangle has been found and the price is ready to break out soon.
If price breaks below support, the resulting move could signal that the price to go down.
There is a probability of a bearish move towards the 1.348 zone on a downside break.
RISING WEDGE
Ethereum
ETH/USD
4H
There is a rising wedge developing and the price is breaking out.
A rising wedge denotes a compelling bearish price action indicator that often predicts a move down once price breaks down.
Ethusd to plummet to 2300 as outlook for the cryptocurrency stays negative.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle happening and btcusd lacks a steady move as an information of a breakout.
A descending triangle often indicates that prices are likely to keep rallying upward when price breaks through the resistance.
Btcusd aims to complete a retracement towards the 78000 mark on a breach of 77800.
FALLING WEDGE
EUR/USD
1H
As we can see eurusd builds a falling wedge.
A falling wedge suggests a specific chart formation that results in that the price to go long when price breaks above resistance.
It is possible that a further rangebound towards 1.172 will take place once above 1.1695.
RISING WEDGE
USD/JPY
1H
A rising wedge is distinguished, the price requests a bigger correction as an indication of a breakout.
A rising wedge identifies a useful bearish price action formation that has an upward slope that predicts reversals in uptrends once price breaks out to the the downside.
It is not ruled out that a further bearish move towards the 159.4 level will occur.
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