Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge forming, btcusd wants steady push up as evidence of a breakout.
If price breaks out to the the upside, the resulting move could signal a further move up.
A bullish price action to 72000 about to be made on a breach of 70800.
BEARISH FLAG
Ethereum
ETH/USD
4H
As we can see a bearish flag is close to being complete and the price is close to breaking out.
A bearish flag identifies a technical price pattern that can be used to signal a potential reversal in price action when price breaks below support.
A bearish push down towards the 2050 mark is on the cards.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1D
There is a descending triangle forming and ethusd demands a steady move for the certainty of breakout.
A descending triangle often indicates that the price to go up in case if price breaks through the resistance.
Ethusd to maintain its positive tone to 2200.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is detected and the price is close to breaking out soon.
In case if price breaks down, the resulting move could signal that the price to go down.
A further bearish move towards the 70000 zone is likely.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel appearing.
An ascending channel typically results in a breakdown is likely to occur if price breaks through the support.
Ethusd does not rule out a move to the 2100 zone.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
There is a descending triangle arising and the price is about to break out.
When price breaks through the support, the move could signal the more likely potential of falling prices.
There is a probability of a bearish price action towards the 5050 level as there is a chance for a downside correction.
RISING WEDGE
USD/JPY
1H
A rising wedge pops up and the price is breaking out.
In case if price breaks through the support, the resulting move could indicate that the price to go short.
Usdjpy now looks to 159.2.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge observed and the price breaks out now.
A falling wedge denotes a reliable signal that can be used to predict that prices are likely to keep rallying upward in case if price breaks through the resistance.
A bullish price action to 5100 looks likely as weakness seen overdone.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge discovered.
A rising wedge suggests a compelling chart formation that spots a bearish move once price breaks below support.
A bearish run towards the 94 level is not ruled out on a breach of 96 as weakness continues.
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