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ASCENDING TRIANGLE
GBP/USD
4H
As we can see an ascending triangle is observed and the price requests a more bullish action as an information of a breakout.
An ascending triangle provides a reliable bullish price action pattern that is used to signal an extension in the upward direction in case if price breaks out to the the upside.
There is a probability of a move to the 1.344 mark on a breakout of the ascending triangle as bullish momentum increases.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle emerges, btcusd demands an active move as evidence of a breakout.
When price breaks out, the move could spot a move up.
Btcusd points to the upside to 64800 on a breakout of the rectangle.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel exposed and ethusd requires a bigger impulse up as a clue of a breakout.
A descending channel results in price heading to a new direction when price breaks above resistance.
It is likely that a rangebound towards 1680 will take place.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle coming out.
If price breaks out to the the upside, the move could spot that the price to go long.
It is likely that a bullish continuation to 1700 will be made.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price creates an ascending channel, btcusd needs a next bigger bearish impulse to confirm ascending channel breakdown.
Once price breaks down, the resulting move could predict a break in the price direction.
There is a possibility of a rangebound towards 63600.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like an ascending channel has been discovered and the price is ready to break out.
An ascending channel identifies a technical bearish formation that can be used to indicate that the price to go short once price breaks below support.
Ethusd to slide to 1650 on a breakout of the ascending channel as ethusd becomes vulnerable.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel poping up, btcusd requests a next strong impulse down for the certainty of breakout.
If price breaks below support, the resulting move could indicate a break during an uptrending market.
It is likely that a bearish run to 64200 will be made on a breakout of the ascending channel.
RISING WEDGE
Bitcoin
BTC/USD
4H
We can see that a rising wedge is close to completion, the price is close to breaking out.
A rising wedge provides a reliable bearish price action indicator that can be used to identify a bullish-to-bearish trend reversal in case if price collapses through the support line.
It is possible that decline towards the 64000 level will occur.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge forming.
A rising wedge represents a reliable bearish signal that can be used to indicate a bearish price move when price breakdown occurs.
It is not ruled out that a bearish price action towards 64200 will happen as btcusd loses bullish momentum.
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