Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel exposed.
An ascending channel spots a change in price direction once price breaks through the support.
It is likely that a move to 2300 will happen.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is nearing completion and the price breaks out now.
When price breaks below support, the resulting move could indicate the bulls have run out of steam.
Decline to 73500 is going to happen.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle recognized.
If price breaks above resistance, the move could identify that the price will rally further.
Eurusd to maintain its positive tone to the 1.154 level once beyond 1.1525 as indicators favor bulls.
PENNANT
USD/JPY
1H
A pennant has been exposed.
In case if price breakdown occurs, the resulting move could indicate a further move down.
Usdjpy to accomodate to 159 on impulse below 159.1 as usdjpy nears 159.1 hurdle.
BEARISH FLAG
Crude Oil
USOIL
4H
It seems like a bearish flag has been noticed and crude-oil asks for a bearish impulse as an indication of a breakdown.
A bearish flag is believed to be a price pattern that can be used to identify extending an downtrend once price collapses through the support line.
It is likely that a move towards the 90 level will form.
RISING WEDGE
Gold
XAU/USD
1H
We can see that a rising wedge is identified.
A rising wedge identifies a specific indicator that can be used to indicate prices are likely to keep falling downward once price breaks below support.
A move towards the 5000 level is likely to happen as the commodity becomes vulnerable.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel materializing and the price is going to break out soon.
An ascending channel tends to be a reliable signal that can be used to identify a bearish move in case if price collapses through the support line.
Extra downside towards the 73000 level is about to happen.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel is encountered.
A descending channel is a useful bullish chart formation with a downward bias that typically identifies a bullish move in case if price breaks through the resistance.
A bullish price action towards the 1.155 zone is not ruled out as door open for a test of 1.155.
DESCENDING CHANNEL
GBP/USD
4H
A descending channel is almost finished and the price is ready to break out now.
A descending channel identifies a temporary interruption during a falling market in case if price breaks through the resistance.
Gbpusd looks ready to further extend its gains to the 1.335 level once beyond 1.331 as gbpusd nears 1.331 hurdle.
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