Open:
High:
Low:
Close:
ASCENDING CHANNEL
Gold
XAU/USD
1H
As we can see an ascending channel has been observed and gold requests next bigger fall to confirm a breakdown.
In case if price breakdown occurs, the resulting move could signal that the price to go down.
Gold to plummet towards 4560 as indicators favor bears.
PENNANT
Gold
XAU/USD
4H
It looks like a pennant is discovered, the price is ready to break out.
A pennant denotes a specific indicator that indicates a bearish price action in case if price breaks down.
There is a chance of extra downside towards the 4550 mark on a breakdown of the pennant as bears looking for downside correction.
FALLING WEDGE
Crude Oil
USOIL
1H
Crude-oil shows a falling wedge, the price requests a more bigger move for the certainty of breakout.
A falling wedge identifies a specific chart indicator that is used to predict reversals in downtrends if price breaks out.
It is not ruled out that a rangebound to 104 will form on a breakout of the falling wedge.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle appearing and the price is breaking out.
An ascending triangle often results in the more likely potential of falling prices when price breaks down.
A bearish move to 156.5 is on the cards on a breakout of the ascending triangle.
PENNANT
USD/JPY
1H
It seems like usdjpy completes a pennant.
A pennant often spots a bullish price action once price breaks out to the the upside.
Usdjpy to extend its advance towards 157.5 on a breach of 157.1 as the wind continues blowing in favor of usdjpy.
RECTANGLE
Ethereum
ETH/USD
4H
There is a rectangle spotted and the price is going to break out now.
A rectangle is believed to be a useful indicator that signals the more likely potential of rising prices if price breaks out to the the upside.
It is not ruled out that a bullish price action towards 2360 will take place while above 2340.
RISING WEDGE
Bitcoin
BTC/USD
4H
We can see that the price develops a rising wedge and the price wants bigger pullback as an indication of a breakout.
A rising wedge provides a technical price action signal that can be used to indicate a bearish price move if price breakdown occurs.
Btcusd looks south towards the 78000 zone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle arising.
A descending triangle identifies a specific bullish indicator that typically signals an extension in the upward direction when price breaks above resistance.
Btcusd challenges a move to 79000 as door open for a test of 79000.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle has been exposed and the price wants a steady move as a verification of a breakout.
A rectangle is considered to be a compelling price pattern that indicates that the price will rally further when price breaks through the resistance.
Ethusd does not rule out a move to 2340 on a breach of 2328 as the cryptocurrency is at a brink of a bullish breakout.
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