Open:
High:
Low:
Close:
BULLISH FLAG
Bitcoin
BTC/USD
1H
Btcusd composes a bullish flag.
A bullish flag predicts a temporary interruption during a falling market once price breaks out to the the upside.
It is not ruled out that a rangebound towards the 76000 level will happen as risk reversal sheds bearish bias.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see a descending channel is uncovered and ethusd expects an impulse up as an information of a breakout.
Once price breaks out, the resulting move could signal that the price to go long.
There is a chance of a move to the 2350 mark.
BULLISH FLAG
Ethereum
ETH/USD
1H
It looks like a bullish flag is almost finished.
In case if price breaks out to the the upside, the move could identify extending an uptrend.
Ethusd to grind higher towards 2350.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is determined.
In case if price breaks out, the resulting move could indicate a next move down.
It is possible that extra downside to 74000 will form as upside pressure mitigates.
RECTANGLE
Ethereum
ETH/USD
4H
We can see that ethusd builds a rectangle, the price is ready to break out.
Once price breaks out to the the downside, the move could indicate a further move down.
Ethusd turns bearish to the 2250 zone on a breakout of the rectangle as there is room for a downside correction.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel pops up and the price demands a bigger bullish impulse as a clue of a breakout.
A descending channel denotes a price signal that often results in that prices are likely to keep rallying upward once price breaks above resistance.
A further bullish move to 76500 is likely on a breach of 76000.
BULLISH FLAG
Bitcoin
BTC/USD
1H
There is a bullish flag spotted and the price is ready to break out.
A bullish flag identifies that the price to go long if price breaks out.
It is not ruled out that a bullish price action to 76000 will happen.
BULLISH FLAG
Ethereum
ETH/USD
1H
A bullish flag is very close to being finished and ethusd asks for a bit more consolidation as a verification of a breakout.
In case if price breaks above resistance, the move could predict that prices move counter to the prevailing price trend.
Ethusd pushes higher to the 2340 level on a upside break as the cryptocurrency is at a brink of a bullish breakout.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
As we can see an ascending channel is distinguished and ethusd expects a next bigger bearish continuation to confirm ascending channel breakdown.
Once price breaks down, the resulting move could signal a pause in an uptrending market.
A move towards 2300 is possible on a breakout of the ascending channel.
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