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DESCENDING TRIANGLE
Crude Oil
USOIL
1H
It looks like crude-oil shapes a descending triangle and crude-oil needs a steady move as proof of a breakdown.
A descending triangle describes a useful chart signal that often identifies a bearish move once price breaks out.
Crude-oil could extend its slump towards the 99.5 mark on a breakout of the descending triangle as crude-oil becomes capped.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
As we can see a descending channel is almost finished.
If price breaks out to the the upside, the move could signal a next move up.
It is possible that a further bullish continuation towards 79000 will occur on a upside break.
RISING WEDGE
Gold
XAU/USD
1H
As we can see a rising wedge has been found, the price demands a further bearish continuation as a clue of a breakdown.
When price breakdown occurs, the resulting move could identify a break during an uptrending market.
Gold still risks a move to the 4340 zone on a breakout of the rising wedge.
FALLING WEDGE
GBP/USD
1H
There is a falling wedge diagnosed and gbpusd wants next steady rise for clear breakout confirmation.
A falling wedge identifies an extension in the upward direction in case if price breaks above resistance.
A bullish continuation towards 1.338 stays on the cards.
PENNANT
USD/JPY
1H
It seems like usdjpy shapes a pennant.
In case if price breaks out to the the upside, the resulting move could spot a further move up.
Usdjpy looks ready to further extend its gains towards 156.5 on a breakout of the pennant.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge determined and the price breaks out.
A rising wedge denotes a compelling signal that can be used to predict a further move down if price breakdown occurs.
Btcusd to resume its downfall towards 76000.
FALLING WEDGE
Crude Oil
USOIL
1H
It looks like a falling wedge is close to being completed and the price requires a steady bullish continuation as a signal of a breakout.
A falling wedge spots a bullish price move if price breaks through the resistance.
There is a possibility of a bullish move towards the 102 zone on a breach of 101 as bulls looking for profit.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
It seems like a descending channel comes out.
A descending channel identifies a compelling chart pattern with a downward bias that results in a bullish price action when price breaks through the resistance.
A bullish continuation towards 2500 is not ruled out while above 2470.
FALLING WEDGE
Gold
XAU/USD
4H
There is a falling wedge found and the price demands an active bullish move as a clue of a breakout.
A falling wedge signals the bears have run out of steam if price breaks through the resistance.
Gold to look for a further push to the 4400 level.
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