Open:
High:
Low:
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RECTANGLE
EUR/USD
1H
A rectangle has been found.
A rectangle is said to depict a technical chart signal that typically indicates the more likely potential of rising prices if price breaks above resistance.
It is possible that a further bullish push up towards 1.124 will take place.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge happening and btcusd requires a strong bullish continuation as proof of a breakout.
A falling wedge represents a useful bullish signal that is used to indicate a potential bullish reversal in price action once price breaks out to the the upside.
Btcusd opens door for a move towards the 82500 level.
FALLING WEDGE
Ethereum
ETH/USD
1H
We can see that a falling wedge forms.
A falling wedge suggests a reliable bullish price action signal that results in a move up when price breaks above resistance.
Ethusd could attempt a move to the 2420 level.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel uncovered, the price requires a further bigger bearish move as evidence of a breakdown.
If price breaks below support, the move could identify an upward trend is nearing its end.
It is possible that a bearish run towards 98 will be made.
FALLING WEDGE
Ethereum
ETH/USD
4H
There is a falling wedge developing, the price wants a move as a verification of a breakout.
A falling wedge is considered to be a bullish formation with a downward bias that can be used to spot reversals in downtrends when price breaks through the resistance.
A further bullish move towards the 2450 level is about to happen as the mood may improve.
ASCENDING CHANNEL
USD/JPY
1H
It seems like an ascending channel arises.
An ascending channel is believed to be a specific bearish price action formation that can be used to spot a trend change to the downside if price breaks through the support.
Usdjpy looks south towards 158 as indicators turn bearish.
PENNANT
USD/JPY
4H
A pennant has been determined, usdjpy requests a further correction as a signal of a breakout.
A pennant predicts the bulls have run out of steam once price collapses through the support line.
Usdjpy to increase bearish potential to 157.8 on a breach of 158.
ASCENDING TRIANGLE
EUR/USD
1H
Eurusd shapes an ascending triangle, the price is ready to break out.
An ascending triangle spots prices are likely to keep falling downward in case if price breakdown occurs.
There is a possibility of a move to the 1.122 level on impulse below 1.1226.
RECTANGLE
Crude Oil
USOIL
1H
A rectangle turns up, the price is about to break out soon.
A rectangle can be thought of as a compelling signal that identifies a bullish move if price breaks through the resistance.
Crude-oil looks north to the 100 zone as there is room for a upside correction.
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