Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
4H
There is an ascending channel discovered.
An ascending channel identifies a reliable bearish pattern with an upward bias that indicates a temporary interruption of an existing trend when price breaks down.
A bearish continuation to 159.8 is a possibility on a breach of 160 as there is a chance for a downside correction.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
Crude-oil completes a descending channel, the price is about to break out soon.
A descending channel often indicates a pause in a downtrending market when price breaks out to the the upside.
It is likely that a bullish push up to the 94 mark will take place on a upside break.
FALLING WEDGE
Crude Oil
USOIL
1H
A falling wedge occurs and the price calls for active push up for the certainty of breakout.
A falling wedge is said to depict a bullish price signal that can be used to indicate a bullish price action when price breaks out to the the upside.
A bullish run towards 93 is not ruled out on a breakout of the falling wedge.
RISING WEDGE
Ethereum
ETH/USD
1H
It looks like a rising wedge is diagnosed, the price is ready to break out.
A rising wedge predicts a breakdown is likely to occur once price breaks out.
Decline to 1620 looks probable while lower than 1635.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge developing and the price breaks out now.
A rising wedge is a formation that is used to indicate an interruption of an uptrend once price breakdown occurs.
It is likely that a bearish move towards 61500 will happen as the cryptocurrency loses bullish momentum.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see ethusd shows an ascending triangle and the price demands a more bigger move to confirm ascending triangle breakout.
Once price breaks out, the move could signal that the price to go long.
There is a probability of a further bullish push up to 1620.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is found and the price demands a steady bullish action as a signal of a breakout.
An ascending triangle depicts a useful bullish signal that typically spots a bullish price move once price breaks out.
A further bullish move to 62000 is not ruled out while above 61800.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
The price builds a descending channel, the price is going to break out.
A descending channel can be thought of as a reliable price formation with a downward bias that identifies a bullish price move when price breaks above resistance.
It is not ruled out that a rangebound towards the 1700 mark will occur.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle diagnosed.
A descending triangle describes a useful chart indicator that spots a bullish price move when price breaks out.
It is possible that a bullish move towards 61000 will form on a breakout of the descending triangle.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.