Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle comes out and the price expects a bullish action as an indication of a breakout.
A rectangle is considered to be a chart formation that is used to spot a bullish move in case if price breaks above resistance.
Btcusd advances higher to the 77600 mark.
BEARISH FLAG
GBP/USD
1H
We can see that a bearish flag is nearing completion.
Once price collapses through the support line, the move could indicate a bearish move.
There is a possibility of a further bearish move to 1.351 on a breach of 1.3516 as the currency pair looks offered.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel turning up, the price wants strong rise as evidence of a breakout.
A descending channel is said to depict a reliable bullish chart pattern with a downward bias that is used to indicate a downward trend is about to reverse into an upnward trend in case if price breaks above resistance.
A move towards 2520 is a possibility.
BULLISH FLAG
USD/JPY
1H
There is a bullish flag turning up.
Once price breaks through the resistance, the resulting move could signal a bullish price action.
There is a possibility of a bullish run towards 154.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel coming out.
A descending channel typically signals a temporary interruption of an existing trend once price breaks out to the the upside.
Ethusd to grind higher towards 2520 on impulse above 2510 as the cryptocurrency becomes supported.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see a descending channel happens, the price asks for a bit more consolidation to confirm descending channel breakout.
A descending channel represents a price action signal that signals that the price to go up when price breaks through the resistance.
Ethusd could attempt a move towards 2520 on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like a descending channel is spotted.
If price breaks out to the the upside, the move could spot the more likely potential of rising prices.
There is a possibility of a further bullish run towards 77400.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle emerging.
A descending triangle describes a bullish pattern that is used to signal that the price to go long when price breaks above resistance.
Btcusd to prolong the growth phase to 78000.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
An ascending channel takes place and ethusd lacks a further bigger bearish move as a verification of a breakout.
An ascending channel often identifies prices are likely to keep falling downward when price collapses through the support line.
It is likely that a move to 2450 will form.
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