Open:
High:
Low:
Close:
FALLING WEDGE
GBP/USD
1H
The price composes a falling wedge.
If price breaks above resistance, the resulting move could spot a bullish move.
There is a chance of a bullish continuation to 1.335.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge materializes, the price calls for a more active bearish move as a clue of a breakout.
A rising wedge is a reliable bearish chart indicator that is used to signal a breakdown is likely to occur when price breaks through the support.
There is a chance of a bearish run towards 78000 on a breakdown of the rising wedge as indicators turn bearish.
BEARISH FLAG
Ethereum
ETH/USD
1H
There is a bearish flag poping up, the price is about to break out now.
If price breaks through the support, the resulting move could predict extending an downtrend.
Ethusd accelerates losses towards the 2170 mark as ethusd is at a brink of a bearish breakout.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel develops and the price is close to breaking out now.
A descending channel suggests a specific bullish price pattern that often indicates that the price to go long once price breaks out to the the upside.
Btcusd looks ready to further extend its gains towards 78600.
FALLING WEDGE
Bitcoin
BTC/USD
1H
The price builds a falling wedge, btcusd asks for a more move as a clue of a breakout.
A falling wedge often results in a move up once price breaks out to the the upside.
Btcusd is bullish and en route towards the 78500 zone once beyond 78100 as downside pressure mitigates.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel turns up and ethusd wants a move for the certainty of breakout.
Once price breaks out to the the upside, the resulting move could identify a bullish move.
Ethusd to accomodate to the 2200 level while above 2185 as the cryptocurrency looks bid.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge happens.
A falling wedge provides a useful chart indicator that is used to predict a change in the prevailing trend if price breaks above resistance.
Btcusd dives out bearish trendline to 79000 on a breakout of the falling wedge.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle developing.
A descending triangle often predicts extending an downtrend if price breaks out to the the downside.
Ethusd to prolong the corrective phase towards the 2200 level on a breakout of the descending triangle.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
As we can see a descending triangle develops, btcusd demands bigger fall as a verification of a breakdown.
A descending triangle identifies a bearish price action in case if price breaks below support.
Further decline towards the 78500 level looks possible.
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