Open:
High:
Low:
Close:
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.
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.
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.
PENNANT
Ethereum
ETH/USD
1H
Ethusd composes a pennant and ethusd expects a next bigger move for clear breakout confirmation.
A pennant typically signals a move up once price breaks above resistance.
There is a chance of a bullish run to 2420.
PENNANT
Bitcoin
BTC/USD
1H
A pennant develops.
In case if price breaks out to the the upside, the resulting move could indicate that the price to go up.
There is a chance of a further bullish run to the 82000 zone.
FALLING WEDGE
EUR/USD
1H
A falling wedge is close to being complete.
A falling wedge is believed to be a compelling pattern with a downward bias that typically predicts a bullish price move if price breaks out.
Eurusd to increase bullish potential to 1.121.
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