Open:
High:
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RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle happening.
A rectangle often spots a bullish price move if price breaks out to the the upside.
It is likely that a bullish price action towards 2460 will be made on a break above 2456.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been discovered and btcusd requires a next bigger bullish impulse for clear breakout confirmation.
A pennant typically spots a bullish move if price breaks out to the the upside.
Btcusd challenges a move to 78500 on a break above 78400.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like btcusd shapes a descending channel.
A descending channel predicts a downward trend is about to reverse into an upnward trend when price breaks out.
A move to the 79000 zone is on the way as the cryptocurrency resumes the upside.
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.
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.
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.
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.
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.
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.
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