Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
A symmetrical triangle turns up and the price wants a next bullish action as an information of a breakout.
A symmetrical triangle typically identifies that the price will rally further in case if price breaks above resistance.
Btcusd risks a move towards the 62000 level.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
It seems like a descending channel is very close to being completed, btcusd requires a bigger move as an information of a breakout.
A descending channel identifies a reliable pattern that is angled down that often identifies a temporary interruption of an existing trend if price breaks out to the the upside.
It is possible that a further move towards 62000 will take place on a upside break.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel pops up.
A descending channel results in the more likely potential of rising prices in case if price breaks out to the the upside.
A rangebound towards the 1600 zone is possible on a breach of 1580 amid rising bets for the move.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel develops, the price requires a more impulse up to confirm descending channel breakout.
In case if price breaks out, the move could spot extending an uptrend.
It is possible that a further bullish price action to 62000 will form on impulse above 60800.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel emerges and ethusd demands a move as an information of a breakout.
If price breaks out to the the upside, the move could predict a next move up.
Ethusd risks a move towards 1600 on a breach of 1560.
RISING WEDGE
GBP/USD
1D
There is a rising wedge discovered, the price requests a further move for the certainty of breakout.
A rising wedge is a chart signal that is used to indicate the bulls have run out of steam when price collapses through the support line.
It is possible that a bearish push down to 1.33 will happen on a breakout of the rising wedge as the currency pair challenges 1.338 hurdle.
ASCENDING CHANNEL
EUR/USD
1H
It seems like an ascending channel has been noticed.
An ascending channel often signals a move down if price collapses through the support line.
Eurusd is bearish and en route towards 1.161 on impulse below 1.1618.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle recognized.
A rectangle represents a technical bearish chart signal that is used to predict a move down once price breaks out to the the downside.
Gold set to fall towards 4440 as gold becomes capped.
RECTANGLE
USD/JPY
1H
As we can see a rectangle is almost finished, the price expects a more active bullish move as a sign of a breakout.
Once price breaks above resistance, the resulting move could spot that the price will rally further.
Usdjpy to turn bullish to 160.1.
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