Open:
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PENNANT
Ethereum
ETH/USD
1H
We can see that a pennant pops up, the price requests a more move as a clue of a breakout.
A pennant typically signals a bullish price action if price breaks out to the the upside.
A bullish price action towards the 2020 level is not ruled out.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price develops a descending channel.
A descending channel can be thought of as a technical indicator that typically signals a further move up if price breaks out to the the upside.
There is a chance of a bullish continuation towards the 67000 level on a breach of 66400.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see the price establishes a descending channel, btcusd needs a more move as proof of a breakout.
A descending channel is said to depict a chart formation with a downward bias that signals a breakout higher once price breaks out.
A further bullish push up to 67000 is likely as downside pressure mitigates.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1D
An ascending channel has been observed, btcusd needs active pullback as an information of a breakdown.
Once price collapses through the support line, the resulting move could indicate a bearish price move.
Btcusd to continue the dereciation trend towards 66000.
BEARISH FLAG
Ethereum
ETH/USD
1D
It looks like a bearish flag is almost done, ethusd calls for a move for clear breakout confirmation.
A bearish flag often identifies a further move down when price breaks below support.
A bearish continuation to 2000 is likely to happen as indicators favor bears.
RECTANGLE
Crude Oil
USOIL
4H
It looks like a rectangle has been noticed and the price is close to breaking out soon.
A rectangle typically predicts the bears have run out of steam if price breaks out.
A bullish price action to the 105 level is a possibility.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
It seems like the price establishes an ascending triangle and the price breaks out soon.
If price breaks through the resistance, the resulting move could spot extending an uptrend.
It is likely that a bullish run towards the 4480 level will take place on a breach of 4465 as outlook for the commodity stays positive.
PENNANT
Gold
XAU/USD
4H
A pennant is distinguished and gold demands a steady bullish action to confirm a breakout.
A pennant typically predicts that the price to go up in case if price breaks out to the the upside.
A move towards the 4600 level is not ruled out once beyond 4500 as gold becomes bid.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold composes a descending channel and the price requires a more bigger move to confirm a breakout.
A descending channel denotes a reliable chart indicator that is used to identify a bullish price move when price breaks out.
Gold to peak to 4500 on a breakout of the descending channel amid rising bets for the move.
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