Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel forming.
When price breaks down, the move could indicate a change in price direction.
Ethusd dives out bullish trendline to 2440 on a breakout of the ascending channel.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
It looks like a descending triangle appears and the price requests a more steady move as a clue of a breakdown.
When price breaks down, the move could predict the bulls have run out of steam.
There is a possibility of corrective downside to 4580.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that an ascending channel is discovered and the price breaks out soon.
If price breaks below support, the move could identify a sharp decline.
Btcusd is at risk of resuming its decline towards the 79000 mark on a breach of 79200.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle happening.
A rectangle is said to depict a reliable pattern that is used to spot a bearish price move if price breakdown occurs.
Ethusd risks extra downside towards 2460 as the cryptocurrency nears 2480 hurdle.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
It seems like a symmetrical triangle has been noticed, the price is about to break out.
Once price breaks out to the the upside, the move could spot that the price to go up.
Crude-oil to increase bullish potential towards the 84 level on a breach of 83.2.
DESCENDING TRIANGLE
EUR/USD
1H
As we can see a descending triangle is recognized.
If price breaks out, the resulting move could indicate a bearish move.
Eurusd risks extending drop towards 1.1635 on a breakout of the descending triangle as the currency pair is at a brink of a bearish breakout.
DESCENDING TRIANGLE
GBP/USD
1H
It seems like gbpusd creates a descending triangle and the price breaks out.
If price breaks below support, the resulting move could signal an extension in the downward direction.
Gbpusd to continue lower to 1.357.
DESCENDING CHANNEL
Gold
XAU/USD
1H
A descending channel has been observed and the price is ready to break out now.
A descending channel denotes a reliable bullish price pattern that can be used to signal a bullish move once price breaks out.
Gold turns higher to 4660 as door open for a test of 4660.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
It seems like an ascending triangle has been distinguished.
If price collapses through the support line, the resulting move could spot a further move down.
There is a probability of further decline to the 78000 zone on a breach of 79000.
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