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DESCENDING CHANNEL
Crude Oil
USOIL
1H
A descending channel occurs.
A descending channel typically results in an interruption of a downtrend if price breaks out.
A bullish move towards the 96 zone is possible on a breach of 95.5.
RISING WEDGE
GBP/USD
1H
There is a rising wedge distinguished.
A rising wedge provides a technical indicator that can be used to signal that the price to go down if price breakdown occurs.
Gbpusd set to plunge towards the 1.334 mark on a break below 1.335 as gbpusd is at a brink of a bearish breakout.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
The price composes a descending channel and the price calls for a next steady move as evidence of a breakout.
A descending channel tends to be a specific price action indicator that is used to indicate an interruption of a downtrend in case if price breaks out.
Crude-oil hints a change to the upside to 96.
RISING WEDGE
Bitcoin
BTC/USD
4H
There is a rising wedge appearing, the price is ready to break out soon.
A rising wedge is considered to be a technical bearish chart signal that is used to signal a countertrend succeeding the current trend if price breaks out to the the downside.
There is a possibility of decline towards the 73000 zone on a breakout of the rising wedge.
FALLING WEDGE
USD/JPY
1H
There is a falling wedge uncovered, the price expects more push up to confirm falling wedge breakout.
A falling wedge tends to be a reliable price pattern with a downward bias that can be used to signal extending an uptrend in case if price breaks out.
It is not ruled out that a further bullish move to 159.2 will take place.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant emerging, the price requires further bigger push down as an information of a breakdown.
Once price breaks out, the move could spot extending an downtrend.
There is a probability of a bearish price action to 73500.
RISING WEDGE
EUR/USD
1H
As we can see a rising wedge is nearing completion, the price calls for an active move as an information of a breakdown.
A rising wedge is believed to be a technical bearish chart pattern that is angled up that signals that the price to go short in case if price breaks below support.
Eurusd to push down to 1.152.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle occurs and the price lacks a further bigger move as proof of a breakout.
A symmetrical triangle represents a technical bearish signal that often results in an extension in the downward direction in case if price breakdown occurs.
Ethusd tests a move to 2300 on a breakout of the symmetrical triangle as downtrend may continue.
RISING WEDGE
GBP/USD
1H
There is a rising wedge encountered, the price is ready to break out.
A rising wedge is believed to be a bearish chart formation that can be used to predict that the price to go short once price breaks through the support.
A move to 1.334 is likely to happen on a break below 1.336 as bears looking for profit.
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