Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
There is a rectangle diagnosed, the price calls for a further active bullish impulse as evidence of a breakout.
A rectangle spots the bears have run out of steam once price breaks out.
There is a probability of a bullish continuation towards 78000.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been found, the price requires a more strong move as an information of a breakout.
A descending channel represents a compelling price action indicator that results in a change in the prevailing trend in case if price breaks through the resistance.
Btcusd risks a move to 77000 as indicators turn bullish.
FALLING WEDGE
Ethereum
ETH/USD
1H
We can see that a falling wedge is found.
Once price breaks above resistance, the resulting move could spot a next move up.
There is a chance of a move towards 2450 once beyond 2430.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle encountered and the price expects a more active impulse down as proof of a breakout.
A descending triangle represents a reliable formation that is used to predict the more likely potential of falling prices when price collapses through the support line.
Btcusd to accomodate to 76500.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see a descending triangle turns up and ethusd calls for a more strong move as a clue of a breakout.
A descending triangle signals an extension in the downward direction once price collapses through the support line.
It is likely that a bearish run towards the 2350 level will happen on a breakout of the descending triangle.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a descending triangle is uncovered.
A descending triangle identifies a bullish chart formation that is used to signal that the price to go up if price breaks out.
Btcusd looks north towards the 77500 zone on a breakout of the descending triangle as bullish momentum increases.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It seems like an ascending triangle is nearing completion, the price expects a more steady move as an information of a breakout.
An ascending triangle spots that the price to go down in case if price breaks down.
Ethusd to head towards 2350 as ethusd challenges 2410 hurdle.
PENNANT
Bitcoin
BTC/USD
1H
Btcusd completes a pennant and the price requests a further active move to confirm pennant breakdown.
A pennant represents a technical bearish chart formation that spots the more likely potential of falling prices if price breaks out to the the downside.
Btcusd could attempt a move to the 76000 mark on a break below 77200.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is nearing completion and the price requests a more bigger bearish action for clear breakdown confirmation.
An ascending channel depicts a chart formation that typically identifies a trend change to the downside when price breaks through the support.
It is possible that a further rangebound to the 76000 zone will happen while below 78000.
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