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SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle discovered and the price is ready to break out now.
A symmetrical triangle suggests a technical indicator that often results in a bullish price action if price breaks through the resistance.
There is a chance of a bullish continuation to the 74000 zone on a breakout of the symmetrical triangle amid the cryptocurrency reclaims part of the ground lost.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel emerges.
If price breaks through the support, the resulting move could spot a bearish price move.
A move towards 2010 looks probable.
FALLING WEDGE
Crude Oil
USOIL
1H
There is a falling wedge coming out, crude-oil demands next push up as a signal of a breakout.
A falling wedge suggests a compelling price action formation that can be used to indicate a downward trend is about to reverse into an upnward trend when price breaks through the resistance.
Crude-oil to surge considerably towards 88.
ASCENDING CHANNEL
USD/JPY
4H
An ascending channel arises.
If price breakdown occurs, the move could spot that the price to go down.
Usdjpy could extend its slump towards 159.2 while lower than 159.3.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle is almost completed, the price is going to break out soon.
A rectangle often signals a sharp rise once price breaks through the resistance.
It is likely that a move towards 74500 will form.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle is almost finished, ethusd wants a next bullish action as a verification of a breakout.
A symmetrical triangle identifies the more likely potential of rising prices once price breaks out to the the upside.
It is not ruled out that a further bullish move to the 2020 level will be made.
PENNANT
GBP/USD
1H
It seems like gbpusd creates a pennant and the price lacks further bigger push up as a verification of a breakout.
A pennant describes a technical pattern that typically indicates a sharp rise in case if price breaks above resistance.
There is a probability of a bullish run to 1.345 on a upside break.
PENNANT
USD/JPY
1H
There is a pennant forming and usdjpy asks for a bit more consolidation to confirm a breakout.
In case if price breaks above resistance, the resulting move could spot that the price will rally further.
Usdjpy to move up towards 159.4 as extra rangebound not ruled out.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag determined and btcusd requests a bearish move as a sign of a breakout.
A bearish flag spots a temporary interruption during a rising market in case if price breaks through the support.
Btcusd risks extra downside towards 73400.
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