Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is spotted, the price is ready to break out soon.
A falling wedge describes a bullish chart signal that is used to identify a temporary interruption of an existing trend once price breaks out to the the upside.
It is likely that a bullish continuation towards 65000 will form.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
An ascending triangle pops up.
An ascending triangle suggests a pattern that results in a further move down in case if price breakdown occurs.
There is a possibility of corrective downside to the 79 level on impulse below 79.5 as bears seeking a new low.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
We can see that gold completes a descending triangle.
A descending triangle denotes a useful bearish price action formation that typically predicts an extension in the downward direction once price breakdown occurs.
Gold turns lower to the 4020 mark as outlook for the commodity stays negative.
ASCENDING CHANNEL
EUR/USD
1H
We can see that an ascending channel arises.
Once price breaks through the support, the move could indicate a break during an uptrending market.
Eurusd to resume its downfall to 1.144 while below 1.146.
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle occuring, the price breaks out now.
A symmetrical triangle typically indicates a bullish price move when price breaks out.
Usdjpy to turn bullish towards 162.2 as usdjpy becomes supported.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
It looks like a descending triangle comes out, the price is about to break out.
A descending triangle is said to depict a technical bullish chart indicator that can be used to signal that prices are likely to keep rallying upward once price breaks above resistance.
There is a chance of a bullish move to 80.5.
PENNANT
USD/JPY
4H
There is a pennant determined.
If price breaks out, the move could spot a next move up.
Usdjpy to peak to 162.4 on a breakout of the pennant.
PENNANT
Ethereum
ETH/USD
1H
We can see that a pennant has been observed and the price demands a move for the certainty of breakdown.
A pennant represents a useful formation that can be used to indicate a next move down once price breaks out.
Ethusd risks further downside towards 1880 amid rising bets for the move.
FALLING WEDGE
USD/JPY
1H
It looks like the price completes a falling wedge, usdjpy wants a further impulse up as a signal of a breakout.
A falling wedge typically indicates a bullish price move when price breaks out.
Usdjpy turns bullish to the 162.2 mark while above 162.14.
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