Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel materializing and the price is ready to break out now.
An ascending channel provides a price pattern that is used to signal a further move down in case if price breaks down.
A bearish run towards 1950 is a possibility on a downside break.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge detected and the price is going to break out now.
A rising wedge identifies a technical price pattern that is angled up that often signals a break in the price direction in case if price breaks down.
There is a probability of a further bearish move to 69500 on a breakdown of the rising wedge.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
There is a symmetrical triangle found and the price is going to break out.
In case if price breakdown occurs, the resulting move could spot the bulls have run out of steam.
Ethusd could attempt a move to the 2040 zone.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
As we can see an ascending triangle has been determined, the price breaks out now.
An ascending triangle typically predicts a bullish move once price breaks out.
A bullish price action to 71000 is not ruled out.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant discovered and the price is going to break out.
A pennant results in a next move up once price breaks above resistance.
There is a probability of a bullish move towards the 2100 level on a breach of 2090.
RECTANGLE
Bitcoin
BTC/USD
4H
It seems like a rectangle takes place, the price is breaking out.
A rectangle denotes a price action indicator that typically identifies a next move up in case if price breaks out to the the upside.
A bullish push up to 72000 looks probable.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
The price develops an ascending channel.
When price breakdown occurs, the resulting move could indicate a bearish move.
Ethusd targets a move to the 2060 level while below 2060 as the cryptocurrency keeps the bid tone.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel has been recognized and the price is breaking out.
An ascending channel is considered to be a chart pattern that predicts a move down if price breaks out.
Btcusd to accomodate towards 69000 on a breakdown of the ascending channel as minor hurdle remains at 69600.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge identified, the price breaks out.
A rising wedge is believed to be a bearish formation with an upward bias that can be used to signal a temporary interruption of an existing trend if price breaks out to the the downside.
A bearish continuation towards 69000 is likely to happen.
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