Open:
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ASCENDING TRIANGLE
Crude Oil
USOIL
1H
It seems like crude-oil completes an ascending triangle, the price requires a further steady move as an information of a breakout.
An ascending triangle suggests a compelling price action signal that can be used to indicate a sharp decline once price breaks out to the the downside.
Crude-oil to move back towards 83 as door open for a test of 83.
RECTANGLE
Bitcoin
BTC/USD
4H
There is a rectangle happening, the price is about to break out.
A rectangle describes a specific bearish price formation that is used to identify that the price to go down when price breaks out to the the downside.
It is not ruled out that a further move towards the 63000 mark will happen on a breakout of the rectangle.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle is close to being complete and the price is about to break out.
When price breaks out to the the upside, the move could predict extending an uptrend.
Eurusd to extend its advance to the 1.155 mark on a breach of 1.1544.
RECTANGLE
USD/JPY
1H
As we can see the price builds a rectangle.
A rectangle results in the more likely potential of falling prices when price breaks down.
Usdjpy risks suffer setback to the 159 level.
ASCENDING TRIANGLE
GBP/USD
1H
It seems like an ascending triangle arises.
An ascending triangle represents a bullish chart pattern that can be used to spot that the price to go up if price breaks through the resistance.
It is possible that a bullish run to 1.352 will take place on a breach of 1.3516.
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
A symmetrical triangle forms and the price is about to break out.
A symmetrical triangle depicts a specific indicator that typically predicts the bears have run out of steam when price breaks through the resistance.
Gold to extend its advance towards the 4460 level on a breach of 4440.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel taking place and the price breaks out now.
An ascending channel provides a useful bearish indicator that signals a next move down in case if price breakdown occurs.
Usdjpy to plummet to 159.2.
RECTANGLE
Ethereum
ETH/USD
1H
As we can see a rectangle has been encountered.
A rectangle identifies a specific bullish price action indicator that is used to identify a move up if price breaks out to the the upside.
It is not ruled out that a bullish push up to 1900 will take place as extra rangebound not ruled out.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel has been observed, the price breaks out.
A descending channel identifies the bears have run out of steam in case if price breaks out.
Ethusd aims to complete a retracement to the 1940 mark on a breach of 1915.
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