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BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag arising.
A bullish flag is a reliable chart indicator that can be used to signal a downward trend is about to reverse into an upnward trend when price breaks through the resistance.
Ethusd to continue the appreciation trend towards 2380 on a upside break.
PENNANT
Ethereum
ETH/USD
1H
A pennant has been detected, the price is ready to break out.
A pennant results in extending an downtrend once price breaks through the support.
Ethusd risks extra losses to 2340.
RISING WEDGE
Bitcoin
BTC/USD
4H
There is a rising wedge poping up and the price asks for a bigger correction as an indication of a breakdown.
A rising wedge often spots that the price to go short if price breaks below support.
Btcusd to prolong the corrective phase to the 74000 mark while below 75500.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd composes an ascending channel, the price lacks strong pullback as proof of a breakout.
When price collapses through the support line, the resulting move could indicate prices are likely to keep falling downward.
There is a chance of a rangebound to the 76000 mark on a breakdown of the ascending channel.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel developing, the price requests a further bigger bearish impulse as evidence of a breakdown.
An ascending channel can be thought of as a reliable bearish price signal that is used to indicate a next move down if price collapses through the support line.
Ethusd to nosedive towards 2350.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1D
An ascending triangle occurs and the price expects an active move as a signal of a breakout.
An ascending triangle identifies a technical bullish price signal that is used to indicate that the price will rally further once price breaks above resistance.
Btcusd to extend its rebound towards 76000 as uptrend may continue.
RECTANGLE
Ethereum
ETH/USD
1D
The price forms a rectangle, the price is close to breaking out.
When price breaks above resistance, the move could spot a move up.
Ethusd to strengthen towards 2500 on a breakout of the rectangle.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel is recognized.
An ascending channel often signals prices are likely to keep falling downward once price breaks out.
Eurusd embarks on a bearish correction to 1.178 on a breakdown of the ascending channel as there is a chance for a downside correction.
ASCENDING TRIANGLE
GBP/USD
4H
An ascending triangle is nearing completion, the price is ready to break out now.
An ascending triangle denotes a bearish price action signal that can be used to identify a sharp decline in case if price breakdown occurs.
There is a chance of a bearish move towards the 1.35 mark.
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