Open:
High:
Low:
Close:
BEARISH FLAG
Ethereum
ETH/USD
1H
There is a bearish flag materializing and ethusd wants a further move as a verification of a breakdown.
When price breakdown occurs, the move could spot an upward trend is nearing its end.
Ethusd to slide towards 1940.
RECTANGLE
Bitcoin
BTC/USD
4H
There is a rectangle forming, the price is ready to break out soon.
Once price collapses through the support line, the move could predict a bearish move.
A bearish move towards the 66000 level is likely as there is a chance of further weakness.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
4H
There is a symmetrical triangle materializing, ethusd calls for a next strong move to confirm symmetrical triangle breakout.
A symmetrical triangle can be thought of as a bearish indicator that is used to predict that the price to go down when price breaks out.
Ethusd is at risk of resuming its decline towards the 1900 level on a downside break as minor hurdle remains at 1960.
BULLISH FLAG
Gold
XAU/USD
4H
A bullish flag has been revealed and gold calls for a move as an indication of a breakout.
A bullish flag denotes a bullish price action formation that is used to predict a trend change to the upside if price breaks above resistance.
A move towards 5000 is likely as the wind continues blowing in favor of the commodity.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle distinguished, usdjpy expects next strong push up to confirm a breakout.
If price breaks above resistance, the resulting move could signal that the price to go up.
A bullish push up to the 154 zone is possible.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
The price completes an ascending channel.
An ascending channel is a useful price action formation with an upward bias that often spots a bearish move in case if price breaks down.
Ethusd pulls back towards 1960 on a breakout of the ascending channel as extra rangebound not ruled out.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge is almost finished, the price is going to break out.
A falling wedge represents a price action pattern that has a downward slope that can be used to signal a further move up when price breaks out to the the upside.
Gold looks ready to further extend its gains to 4940 once above 4930.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle poping up, btcusd calls for a more move for the certainty of breakdown.
In case if price breaks below support, the resulting move could signal the bulls have run out of steam.
Corrective downside towards 67000 stays on the cards.
RECTANGLE
USD/JPY
4H
A rectangle is very close to being finished.
In case if price breaks out to the the upside, the move could predict a further move up.
Usdjpy to extend its advance towards the 154.5 level on impulse above 153.9.
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.