Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
It seems like a descending triangle develops and the price requires pullback for the certainty of breakout.
Once price breaks through the support, the move could spot an extension in the downward direction.
There is a probability of a rangebound towards the 80000 level on a breach of 80800 as btcusd becomes under pressure.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel is identified, the price wants a steady move as an indication of a breakout.
An ascending channel identifies a sharp decline when price breaks through the support.
A rangebound to the 81200 mark stays on the cards.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle has been encountered.
A rectangle identifies a sharp decline if price breakdown occurs.
Ethusd could drop towards 2360.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
4H
The price shows a symmetrical triangle.
A symmetrical triangle predicts that the price to go short when price breaks out.
Ethusd looks south to the 2350 level while below 2400 as upside pressure alleviates.
RECTANGLE
Bitcoin
BTC/USD
1H
There is a rectangle arising and the price is going to break out soon.
A rectangle is a compelling signal that results in a next move up if price breaks through the resistance.
There is a chance of a further move towards the 82200 mark on a breakout of the rectangle.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like a descending channel comes out and the price asks for a next move as an indication of a breakout.
A descending channel depicts a useful bullish price indicator that is used to spot a further move up when price breaks out.
A bullish move to 2440 is possible.
FALLING WEDGE
Bitcoin
BTC/USD
4H
There is a falling wedge spotted.
A falling wedge indicates a bullish move if price breaks out to the the upside.
There is a probability of a bullish continuation towards 83000 on impulse above 82000 as outlook for btcusd stays positive.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is close to being completed.
A descending triangle predicts a sharp rise if price breaks out to the the upside.
It is not ruled out that a bullish move towards the 81800 mark will form as door open for the continuation of the uptrend.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is almost completed.
A descending channel tends to be a pattern that is angled down that is used to spot extending an uptrend once price breaks above resistance.
It is possible that a bullish push up towards 2440 will happen once beyond 2420 as the cryptocurrency is at a brink of a bullish breakout.
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