Open:
High:
Low:
Close:
ASCENDING CHANNEL
EUR/USD
1H
Eurusd completes an ascending channel.
An ascending channel often signals that prices move counter to the prevailing price trend once price breaks out.
There is a chance of further decline to 1.155 on a breach of 1.16.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge observed, the price is ready to break out soon.
Once price breaks down, the resulting move could indicate a change in the prevailing trend.
There is a probability of a bearish run to 68000.
RECTANGLE
Bitcoin
BTC/USD
4H
We can see that a rectangle is exposed.
A rectangle often spots a move up in case if price breaks through the resistance.
A bullish price action to 70000 is possible.
DESCENDING CHANNEL
USD/JPY
1H
We can see that a descending channel is determined and usdjpy needs a bit more consolidation as proof of a breakout.
When price breaks through the resistance, the resulting move could indicate a further move up.
Usdjpy to look for a further push towards the 159 zone on a breach of 158.8.
DESCENDING CHANNEL
EUR/USD
4H
As we can see the price composes a descending channel and the price asks for a bigger bullish move as an indication of a breakout.
A descending channel typically indicates a downward trend is nearing its end if price breaks above resistance.
There is a possibility of a bullish price action to the 1.165 level.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
The price gives a descending channel, the price asks for a more bigger move as proof of a breakout.
A descending channel typically indicates that prices are likely to keep rallying upward if price breaks out to the the upside.
A move towards 2150 stays on the cards on a breakout of the descending channel.
ASCENDING CHANNEL
USD/JPY
1D
There is an ascending channel exposed, the price requests a bearish action as an information of a breakout.
An ascending channel is said to depict a useful price indicator that is used to indicate a bearish price move when price collapses through the support line.
There is a probability of a bearish price action to 158.
RECTANGLE
Bitcoin
BTC/USD
1H
We can see that btcusd gives a rectangle, btcusd expects more push up as a verification of a breakout.
A rectangle depicts a bullish price pattern that can be used to identify a bullish price action in case if price breaks above resistance.
Btcusd to recover bullish potential towards the 68500 level once above 68000.
PENNANT
Crude Oil
USOIL
1H
It seems like the price builds a pennant, crude-oil demands a bigger correction to confirm a breakdown.
A pennant typically indicates a bearish move once price breakdown occurs.
Crude-oil risks further decline to the 100 level as crude-oil nears 101.5 hurdle.
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