Open:
High:
Low:
Close:
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle found and ethusd asks for further steady push up to confirm rectangle breakout.
When price breaks out to the the upside, the resulting move could spot a bullish price move.
It is likely that a bullish price action to 2325 will occur on a break above 2320.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that a descending triangle has been spotted and btcusd expects a bigger move for the certainty of breakout.
A descending triangle depicts a technical formation that signals a further move up when price breaks out to the the upside.
There is a chance of a bullish push up towards the 77800 zone on impulse above 77600 as minor hurdle remains at 77600.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge materializes.
A falling wedge denotes a compelling bullish price formation that spots the bears have run out of steam in case if price breaks above resistance.
Btcusd to peak to the 77800 level on a breach of 77550 as extra rangebound not ruled out.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle comes out and ethusd demands a bit more consolidation to confirm descending triangle breakout.
A descending triangle describes a pattern that signals the bears have run out of steam if price breaks above resistance.
A bullish price action towards the 2320 mark is likely to happen.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is identified and the price is about to break out soon.
A pennant can be thought of as a technical indicator that can be used to identify a bearish price move once price breakdown occurs.
Btcusd turns bearish to the 77400 mark as btcusd becomes vulnerable.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
It seems like a symmetrical triangle is determined, the price requires a steady move as evidence of a breakout.
A symmetrical triangle is said to depict a bearish price indicator that often spots the more likely potential of falling prices when price breaks down.
There is a chance of decline towards the 2310 level.
FALLING WEDGE
Bitcoin
BTC/USD
1H
The price gives a falling wedge.
A falling wedge identifies a reliable price action formation with a downward bias that can be used to signal that the price to go up if price breaks out to the the upside.
Btcusd to resume its rise to 77800.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
An ascending triangle is discovered.
An ascending triangle suggests a specific pattern that can be used to indicate the bulls have run out of steam in case if price breakdown occurs.
Ethusd points to the downside to the 2250 mark as the cryptocurrency failes to keep gains.
RISING WEDGE
Ethereum
ETH/USD
1D
It seems like the price sets up a rising wedge.
When price breaks below support, the resulting move could identify a next move down.
Ethusd does not rule out a move to 2200 on a break below 2320 amid the cryptocurrency recedes from tops.
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.