Open:
High:
Low:
Close:
BULLISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bullish flag is very close to being finished and the price expects a move as an information of a breakout.
A bullish flag suggests a technical signal that often signals an extension in the upward direction once price breaks out.
A move towards 71000 is not ruled out.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is close to being finished.
In case if price breaks through the resistance, the move could spot a bullish price action.
Ethusd challenges a move towards 2080 on a breakout of the descending channel.
DESCENDING TRIANGLE
GBP/USD
1H
It looks like a descending triangle is close to being done and the price is close to breaking out.
A descending triangle is said to depict a useful price signal that typically identifies an extension in the downward direction when price collapses through the support line.
There is a chance of a bearish price action to the 1.34 mark.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle materializes, the price is breaking out.
A descending triangle indicates prices are likely to keep falling downward once price breaks through the support.
It is not ruled out that a further bearish continuation towards 69000 will take place as the mood may get worse.
DESCENDING TRIANGLE
EUR/USD
1H
It looks like a descending triangle has been revealed, eurusd wants a bigger move as a sign of a breakout.
When price breaks out to the the downside, the move could indicate a bearish price action.
Eurusd to accomodate towards 1.16 on a downside break as there is a chance of further weakness.
RECTANGLE
USD/JPY
1H
A rectangle is close to being finished, the price expects a more move as an indication of a breakout.
A rectangle is believed to be a useful bullish chart formation that can be used to identify an extension in the upward direction if price breaks above resistance.
Usdjpy hints a change to the upside to 158.6 as bullish momentum increases.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel turning up, the price is ready to break out.
A descending channel suggests a compelling price action indicator that is used to identify that prices move counter to the prevailing price trend if price breaks through the resistance.
Crude-oil to enjoy a considerable gain to 90.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle emerging and the price expects a further bearish continuation as proof of a breakdown.
A rectangle signals the more likely potential of falling prices when price breakdown occurs.
There is a chance of a further bearish move towards 2000 once below 2010 as downtrend may continue.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel detected, the price is going to break out.
When price breaks through the support, the move could indicate price reversal after a pause.
Gold embarks on a bearish correction towards the 5180 level.
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.