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RISING WEDGE
Ethereum
ETH/USD
1H
It seems like a rising wedge materializes, ethusd asks for a more strong impulse down as an indication of a breakout.
A rising wedge is said to depict a useful bearish price action formation that spots reversals in uptrends once price breaks below support.
A rangebound to 2100 is probable on a break below 2110 as ethusd failes to keep gains.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
Btcusd composes an ascending triangle.
An ascending triangle suggests a compelling bullish signal that typically identifies the bears have run out of steam in case if price breaks out.
A bullish move to 72000 is on the cards on a breach of 71200.
FALLING WEDGE
Bitcoin
BTC/USD
4H
Btcusd shapes a falling wedge, the price is about to break out.
A falling wedge is believed to be a technical bullish chart signal that predicts a breakout higher in case if price breaks out.
A further rangebound towards the 75000 zone is likely as there is a chance for a upside correction.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that a descending triangle is close to being done.
Once price breaks out, the resulting move could identify the bears have run out of steam.
It is likely that a bullish run to 70000 will form on impulse above 69400 as btcusd probes 69400 hurdle.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant materializing.
A pennant typically spots that the price to go long once price breaks out to the the upside.
Btcusd to extend its advance to the 70000 mark on a breakout of the pennant as extra rangebound not ruled out.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge determined and the price lacks a bigger correction as an information of a breakdown.
A rising wedge typically identifies a change in price direction if price breakdown occurs.
Ethusd points to the downside to 2000 as the cryptocurrency becomes under pressure.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag forming, the price is breaking out.
A bearish flag identifies a reliable bearish chart signal that can be used to spot a bullish-to-bearish trend reversal if price breaks below support.
Extra downside to 68000 is about to happen.
BEARISH FLAG
Bitcoin
BTC/USD
1H
We can see that a bearish flag materializes, the price needs a further strong move as evidence of a breakout.
A bearish flag is considered to be a price formation with an upward bias that often results in the more likely potential of falling prices once price breakdown occurs.
Btcusd to continue the dereciation trend towards 70000 as the cryptocurrency failes to keep gains.
DESCENDING CHANNEL
USD/JPY
1D
We can see that a descending channel has been exposed, the price is ready to break out soon.
If price breaks above resistance, the resulting move could signal price reversal after a pause.
Usdjpy tests a move towards 160 as the currency pair becomes bullish.
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