Open:
High:
Low:
Close:
PENNANT
Ethereum
ETH/USD
1H
There is a pennant forming and ethusd demands a further strong move for the certainty of breakout.
A pennant is believed to be a useful price signal that is used to spot extending an uptrend if price breaks through the resistance.
Ethusd to grind higher towards 1740 while above 1730 as outlook for the cryptocurrency stays positive.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge emerging, the price is breaking out.
Once price collapses through the support line, the resulting move could predict a further move down.
Btcusd is at risk of resuming its decline towards 64000.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bearish flag is found and btcusd needs a more bigger move as a sign of a breakout.
When price breakdown occurs, the move could predict a next move down.
A further bearish push down towards 63500 is about to happen on a break below 64000.
RISING WEDGE
Ethereum
ETH/USD
1H
It looks like the price gives a rising wedge.
A rising wedge represents a technical price action indicator that typically spots a next move down when price breaks down.
Ethusd risks extending drop towards the 1730 zone on a breakdown of the rising wedge as extra rangebound not ruled out.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel pops up and ethusd demands next steady pullback for clear breakdown confirmation.
An ascending channel tends to be a specific indicator that can be used to indicate a next move down once price breaks below support.
Ethusd could attempt a move towards the 1730 zone on a breakout of the ascending channel.
DESCENDING CHANNEL
Ethereum
ETH/USD
1D
The price gives a descending channel.
A descending channel can be thought of as a chart pattern that has a downward slope that can be used to signal a bullish price action once price breaks through the resistance.
A bullish run to 2000 is likely to happen.
FALLING WEDGE
Bitcoin
BTC/USD
4H
There is a falling wedge diagnosed.
In case if price breaks out, the resulting move could predict that the price to go long.
There is a probability of a bullish continuation towards 65000 on a breach of 63800.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge forms and the price is ready to break out now.
Once price breaks out, the move could signal a countertrend succeeding the current trend.
It is likely that extra downside towards 63400 will occur on a breakout of the rising wedge as indicators turn bearish.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle emerging, the price is close to breaking out.
An ascending triangle suggests a useful bullish formation that can be used to identify an extension in the upward direction if price breaks above resistance.
Ethusd to continue the appreciation trend towards 1720 while above 1712 as ethusd challenges 1712 hurdle.
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