Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel encountered and the price is breaking out.
A descending channel can be thought of as a useful formation that is used to spot a move up once price breaks above resistance.
Btcusd to maintain its positive tone to 71000 as door open for a test of 71000.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like the price establishes a descending channel and the price is going to break out.
A descending channel describes a reliable bullish price action pattern that is angled down that often signals the more likely potential of rising prices once price breaks above resistance.
It is not ruled out that a further bullish price action towards 2080 will occur while above 2070.
RECTANGLE
Crude Oil
USOIL
1H
It looks like crude-oil creates a rectangle.
A rectangle typically identifies a move up in case if price breaks through the resistance.
It is likely that a bullish continuation to 65 will take place on a breakout of the rectangle.
PENNANT
Gold
XAU/USD
4H
A pennant emerges.
A pennant identifies a specific chart formation that can be used to indicate a move up when price breaks above resistance.
Gold is bullish and en route to the 5100 zone.
PENNANT
Crude Oil
USOIL
4H
A pennant is encountered and the price is ready to break out.
A pennant describes a reliable price formation that spots a bullish price action once price breaks above resistance.
Crude-oil is bullish and en route to 66 on a upside break as the commodity nears 64.8 hurdle.
PENNANT
Crude Oil
USOIL
1H
There is a pennant spotted and the price is close to breaking out.
A pennant describes a reliable price formation that is used to identify a sharp rise once price breaks out.
It is likely that a bullish push up towards the 64.5 mark will happen.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel appearing and the price wants a next move for clear breakout confirmation.
A descending channel can be thought of as a useful bullish signal that results in the bears have run out of steam in case if price breaks above resistance.
Gbpusd could attempt a move towards the 1.364 zone as uptrend may continue.
DESCENDING CHANNEL
GBP/USD
4H
As we can see the price gives a descending channel.
A descending channel suggests a useful bullish chart indicator that can be used to indicate that the price to go up once price breaks out to the the upside.
Gbpusd to strengthen towards the 1.37 level as minor hurdle remains at 1.364.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is close to being done and the price requires a bigger correction for clear breakout confirmation.
An ascending triangle denotes a technical formation that indicates a sharp decline in case if price breaks down.
Btcusd is at risk of extending its slump towards the 70000 mark.
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