Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel noticed, the price breaks out soon.
If price breaks out, the resulting move could predict a pause in a downtrending market.
Btcusd to peak to 80500 on a break above 79900 as risk reversal sheds bearish bias.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel spotted and the price breaks out.
A descending channel represents a chart indicator that can be used to predict that prices are likely to keep rallying upward if price breaks through the resistance.
It is possible that a bullish run to 1.177 will happen once beyond 1.1764.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel forming, the price expects a next bigger bullish action as a verification of a breakout.
A descending channel often spots a bullish move if price breaks through the resistance.
Gbpusd to extend its rebound to the 1.362 level.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel taking place and the price wants a strong move as an indication of a breakdown.
An ascending channel denotes a reliable signal that spots a break in the price direction once price breakdown occurs.
Usdjpy does not rule out a move towards the 156.6 level as bears looking for downside correction.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
As we can see an ascending channel happens, the price lacks a next active move as an information of a breakdown.
An ascending channel represents a compelling bearish price action formation that is used to identify reversals in uptrends once price breaks out to the the downside.
There is a probability of a rangebound towards 78000 as the mood may get worse.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1D
There is an ascending triangle arising, the price requests an impulse down as a clue of a breakout.
When price breaks down, the move could signal the bulls have run out of steam.
There is a probability of extra downside towards 2200 as the cryptocurrency looks offered.
RECTANGLE
Ethereum
ETH/USD
4H
A rectangle is nearing completion, the price is about to break out soon.
A rectangle is a specific chart pattern that spots a bearish price action once price breaks below support.
Ethusd looks south to 2280 as outlook for the cryptocurrency stays negative.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
The price sets up a symmetrical triangle.
A symmetrical triangle is a chart indicator that can be used to signal that the price to go long once price breaks through the resistance.
Crude-oil looks north to the 98 mark while above 96.
PENNANT
GBP/USD
4H
A pennant happens, gbpusd expects a more move as proof of a breakdown.
A pennant denotes a bearish signal that typically spots a sharp decline once price breaks through the support.
Gbpusd to suffer a steeper decline to the 1.35 zone while below 1.356.
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