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DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle found and the price is about to break out.
A descending triangle tends to be a useful bullish price action formation that is angled down that spots a change in price direction once price breaks through the resistance.
There is a possibility of a bullish price action to 1.12.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
There is a descending triangle uncovered.
A descending triangle is considered to be a chart formation that often spots a bullish price move if price breaks above resistance.
A bullish move to the 3960 zone about to be made on impulse above 3950.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price sets up a descending channel.
A descending channel is said to depict a compelling price action signal that indicates a bullish price move in case if price breaks out.
Btcusd hints a change to the upside towards 77500 on a breach of 77200 as uptrend may continue.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
As we can see a descending triangle is close to being completed.
Once price breaks through the resistance, the resulting move could indicate a break in the price direction.
There is a probability of a bullish move to 78000 once beyond 77600.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle observed and the price calls for further strong rise as proof of a breakout.
A descending triangle signals a bullish move in case if price breaks above resistance.
Ethusd points to the upside towards the 2350 mark on a breakout of the descending triangle as ethusd nears 2290 hurdle.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle spotted.
An ascending triangle often results in a sharp decline if price breaks below support.
It is possible that a rangebound towards 1.118 will happen on a breach of 1.119.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge poping up, the price breaks out now.
A falling wedge can be thought of as a reliable bullish formation that indicates a bullish move if price breaks out.
Ethusd to move upward towards the 2280 mark once above 2265.
PENNANT
USD/JPY
1H
A pennant materializes and the price asks for a bit more consolidation as evidence of a breakout.
A pennant is considered to be a useful bullish price action formation that signals that the price to go long once price breaks above resistance.
It is not ruled out that a bullish continuation to the 158 zone will take place on a breach of 157.92 as door open for a test of 158.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is nearing completion.
A descending channel tends to be a specific bullish price action formation that is angled down that typically predicts a bullish price action in case if price breaks out to the the upside.
A bullish push up to 77500 is not ruled out amid rising bets for the move.
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