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SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a symmetrical triangle emerges, the price is close to breaking out now.
Once price breaks below support, the move could signal the more likely potential of falling prices.
Btcusd to push down to 66400 as the cryptocurrency becomes capped.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle turning up, the price is close to breaking out.
An ascending triangle suggests a specific bearish chart signal that signals an extension in the downward direction if price breaks out to the the downside.
Ethusd to slump towards the 1990 level on a breach of 1995 as bears looking for downside correction.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag revealed and the price breaks out.
A bearish flag identifies a bearish indicator that is used to signal a pause in an uptrending market once price breakdown occurs.
There is a chance of a bearish push down to 66000.
BEARISH FLAG
Ethereum
ETH/USD
1H
A bearish flag turns up, the price wants more pullback as evidence of a breakout.
A bearish flag is said to depict a useful price signal that can be used to indicate a bearish price move in case if price breaks out.
Ethusd could attempt a move to 2000 as outlook for ethusd stays negative.
PENNANT
Ethereum
ETH/USD
1H
We can see that a pennant pops up, the price requests a more move as a clue of a breakout.
A pennant typically signals a bullish price action if price breaks out to the the upside.
A bullish price action towards the 2020 level is not ruled out.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price develops a descending channel.
A descending channel can be thought of as a technical indicator that typically signals a further move up if price breaks out to the the upside.
There is a chance of a bullish continuation towards the 67000 level on a breach of 66400.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see the price establishes a descending channel, btcusd needs a more move as proof of a breakout.
A descending channel is said to depict a chart formation with a downward bias that signals a breakout higher once price breaks out.
A further bullish push up to 67000 is likely as downside pressure mitigates.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1D
An ascending channel has been observed, btcusd needs active pullback as an information of a breakdown.
Once price collapses through the support line, the resulting move could indicate a bearish price move.
Btcusd to continue the dereciation trend towards 66000.
BEARISH FLAG
Ethereum
ETH/USD
1D
It looks like a bearish flag is almost done, ethusd calls for a move for clear breakout confirmation.
A bearish flag often identifies a further move down when price breaks below support.
A bearish continuation to 2000 is likely to happen as indicators favor bears.
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