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ASCENDING TRIANGLE
USD/JPY
1H
It seems like an ascending triangle has been found and usdjpy requires a bigger bearish move for clear breakdown confirmation.
An ascending triangle is an indicator that results in an extension in the downward direction once price breaks out.
There is a possibility of a bearish move towards 158.8 as usdjpy probes 158.9 hurdle.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge is observed, the price is ready to break out now.
A rising wedge describes a technical bearish pattern that is used to predict a bearish price move if price breaks down.
Btcusd could recede to the 75500 mark.
ASCENDING CHANNEL
Gold
XAU/USD
4H
There is an ascending channel spotted, gold asks for a bigger correction as an information of a breakdown.
An ascending channel results in a further move down if price breaks out to the the downside.
A bearish price action to 4750 about to be made as upside pressure mitigates.
PENNANT
GBP/USD
1H
A pennant is close to being done.
A pennant identifies a reliable bearish chart indicator that often results in that the price to go short when price breaks below support.
It is likely that a further move to 1.35 will happen as minor hurdle remains at 1.352.
PENNANT
USD/JPY
1H
A pennant is determined and the price calls for more strong fall as proof of a breakout.
A pennant is a reliable price action signal that can be used to spot a move down in case if price breaks out.
Usdjpy is at risk of resuming its decline towards 158.5.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant forming.
In case if price breaks out, the resulting move could identify a move up.
Ethusd opens door for a move towards 2340 on a breakout of the pennant.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel takes place and the price requests a next bullish action as proof of a breakout.
A descending channel identifies a change in the prevailing trend once price breaks through the resistance.
A bullish move to 75500 is on the way as bulls seeking a new high.
BULLISH FLAG
Bitcoin
BTC/USD
1H
A bullish flag has been encountered and the price is ready to break out now.
A bullish flag can be thought of as a reliable pattern that has a downward slope that predicts price reversal after a pause once price breaks out to the the upside.
It is likely that a move towards the 76000 mark will occur once beyond 75400.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
It looks like a descending triangle forms, the price asks for a next steady impulse up for clear breakout confirmation.
A descending triangle provides a compelling bullish price action pattern that spots a move up once price breaks above resistance.
It is likely that a rangebound to the 76000 level will form.
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