Open:
High:
Low:
Close:
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge forming and btcusd demands further strong push down for clear breakout confirmation.
A rising wedge predicts a trend change to the downside when price breaks out to the the downside.
Btcusd to accomodate to 68000 as the cryptocurrency is at a brink of a bearish breakout.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge materializes and ethusd expects a more move as a clue of a breakdown.
A rising wedge indicates that the price to go short in case if price breaks out to the the downside.
Ethusd could recede towards the 1960 level on a breakout of the rising wedge.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It seems like an ascending triangle is diagnosed.
An ascending triangle typically signals that the price will rally further once price breaks through the resistance.
Ethusd to extend its rebound towards the 1990 mark on a breach of 1978.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been determined and the price requires a steady bullish action as an indication of a breakout.
A pennant often identifies a bullish price action once price breaks above resistance.
A bullish push up towards the 68500 level is on the way.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle developing, the price requests a bit more consolidation to confirm descending triangle breakout.
Once price breaks out, the move could signal the bears have run out of steam.
A bullish run towards the 69000 zone looks likely as the mood may improve.
DESCENDING CHANNEL
EUR/USD
4H
It looks like a descending channel has been exposed, the price lacks a bigger move as evidence of a breakout.
A descending channel is said to depict a useful price formation with a downward bias that typically spots that the price to go long if price breaks through the resistance.
Eurusd to extend its rebound towards 1.18.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle is almost done and the price calls for a further active move as proof of a breakout.
A symmetrical triangle describes a compelling signal that typically predicts a next move up if price breaks out.
Ethusd to accomodate to 1980.
RISING WEDGE
USD/JPY
1H
Usdjpy sets up a rising wedge, usdjpy needs a bigger bearish continuation as an indication of a breakdown.
A rising wedge can be thought of as a chart pattern that is angled up that is used to identify a sharp decline once price breaks out to the the downside.
Usdjpy risks potential downside towards the 155.2 mark as usdjpy becomes weak.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel distinguished, the price expects a steady move as a sign of a breakout.
An ascending channel is considered to be a compelling bearish chart formation with an upward bias that predicts that the price to go down if price collapses through the support line.
Crude-oil to head towards 65.5 as crude-oil probes 66.1 hurdle.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.