Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been identified.
A descending channel typically predicts that the price to go long in case if price breaks above resistance.
Btcusd to look for a further push towards 81000.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel taking place, ethusd lacks a next bullish action as an information of a breakout.
A descending channel depicts a technical bullish price action indicator that can be used to indicate that the price to go up if price breaks through the resistance.
Ethusd looks ready to further extend its gains to 2360 as the cryptocurrency challenges 2345 hurdle.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price develops a descending channel, btcusd demands a more impulse up as an information of a breakout.
Once price breaks out, the resulting move could indicate price heading to a new direction.
Btcusd to grind higher towards the 81000 mark on a breach of 80500.
RECTANGLE
Ethereum
ETH/USD
4H
We can see that a rectangle has been encountered.
A rectangle depicts a useful bearish chart pattern that is used to signal a bearish move in case if price collapses through the support line.
Ethusd set to lose more ground to 2350.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge comes out and ethusd calls for further push down to confirm a breakout.
A rising wedge indicates a temporary interruption during a rising market once price collapses through the support line.
There is a chance of a rangebound to 2390 as ethusd probes 2402 hurdle.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is very close to being completed.
An ascending triangle can be thought of as a specific bearish indicator that can be used to predict that the price to go down once price breaks out to the the downside.
Btcusd risks a correction towards 81400.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is an ascending channel arising.
An ascending channel is said to depict a signal that can be used to signal a tendency to break in the opposite direction once price breaks below support.
Btcusd to experience further corrective weakness towards the 80000 level.
FALLING WEDGE
USD/JPY
1H
The price develops a falling wedge.
A falling wedge often signals a further move up in case if price breaks through the resistance.
It is possible that a bullish run towards the 157.5 zone will form.
SYMMETRICAL TRIANGLE
GBP/USD
1H
As we can see a symmetrical triangle is almost completed.
A symmetrical triangle spots a bearish price action in case if price collapses through the support line.
Extra downside to the 1.336 zone is likely on a breach of 1.3365 as gains remain capped.
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