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DESCENDING TRIANGLE
Crude Oil
USOIL
1H
A descending triangle has been discovered.
A descending triangle denotes a useful formation that is used to signal an extension in the downward direction once price breaks below support.
It is possible that extra downside towards the 68 level will happen.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle has been distinguished and btcusd asks for a next move as an information of a breakout.
A descending triangle provides a chart pattern that often indicates that prices are likely to keep rallying upward once price breaks through the resistance.
Btcusd to resume its rise towards the 59500 level on a break above 59300.
RECTANGLE
Gold
XAU/USD
1H
As we can see a rectangle is very close to being finished and gold asks for a more move as a sign of a breakout.
A rectangle provides a reliable chart formation that is used to predict that the price to go long when price breaks through the resistance.
Gold to grind higher to 4060 as gold sticks to the positive mood.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle poping up, gbpusd wants a more strong bullish continuation as a sign of a breakout.
A descending triangle is a technical price action signal that can be used to predict a move up once price breaks out.
Gbpusd to resume its rise towards the 1.326 mark as there is a chance for a upside correction.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
As we can see a descending channel is observed, the price requests next steady rise for clear breakout confirmation.
Once price breaks out, the move could identify a bullish price action.
Btcusd to move up towards the 60500 zone on a breach of 60200 as the cryptocurrency becomes supported.
DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle revealed and the price breaks out soon.
A descending triangle is a bearish price action pattern that can be used to identify the more likely potential of falling prices in case if price breaks below support.
Eurusd is at risk of resuming its decline to 1.138 on a breach of 1.1384.
RISING WEDGE
USD/JPY
1H
As we can see a rising wedge pops up.
A rising wedge describes a reliable pattern that typically signals reversals in uptrends when price breaks out to the the downside.
Usdjpy targets a move towards 162.6 while below 162.65.
ASCENDING TRIANGLE
GBP/USD
1H
It seems like an ascending triangle is diagnosed and the price is close to breaking out soon.
An ascending triangle identifies a specific bearish chart pattern that can be used to signal a bearish move in case if price collapses through the support line.
It is possible that a bearish continuation to the 1.324 zone will happen on a breakout of the ascending triangle.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant recognized and the price requests a further bigger move as proof of a breakout.
If price breaks out to the the downside, the resulting move could predict an extension in the downward direction.
It is possible that corrective downside towards the 58500 level will happen on a breach of 58700 as the cryptocurrency looks offered.
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