Open:
High:
Low:
Close:
PENNANT
Gold
XAU/USD
1H
There is a pennant forming, the price is close to breaking out.
In case if price breaks out, the move could identify prices are likely to keep falling downward.
It is likely that a bearish price action to 4260 will be made once below 4270.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle forms, the price is about to break out now.
An ascending triangle depicts a specific bearish chart indicator that typically indicates a bearish move once price collapses through the support line.
There is a chance of corrective downside towards the 1880 mark.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge arising, the price breaks out soon.
Once price breaks out, the move could predict a temporary interruption during a rising market.
There is a chance of a further rangebound towards 64400 while lower than 64450 as there is room for a downside correction.
RECTANGLE
GBP/USD
1H
It looks like a rectangle is almost completed.
A rectangle provides a compelling bearish indicator that often results in a bearish price action when price breaks through the support.
Gbpusd opens door for a move towards 1.345 on a breakout of the rectangle.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel spotted and the price is breaking out.
An ascending channel is believed to be a compelling bearish signal that is used to identify a move down if price breaks down.
A bearish run to the 1.1535 level is about to happen on a break below 1.1537 as minor hurdle remains at 1.1537.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
There is a descending channel recognized.
A descending channel is considered to be a useful chart pattern that can be used to signal a change in price direction in case if price breaks through the resistance.
Crude-oil to resume its rise towards the 78 level.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle spotted, the price is breaking out.
A descending triangle predicts an extension in the upward direction when price breaks out to the the upside.
There is a possibility of a further rangebound towards the 1.3465 level.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel materializes.
An ascending channel is said to depict a useful price signal that often predicts a move down once price collapses through the support line.
A further move to the 64400 zone is about to happen once below 64650.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel poping up.
An ascending channel signals a change in price direction in case if price breakdown occurs.
Ethusd risks a correction towards the 1880 level amid rising bets for the move.
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