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ASCENDING CHANNEL
USD/JPY
1H
An ascending channel forms, usdjpy requires active pullback as a clue of a breakout.
An ascending channel describes a technical formation that results in that prices move counter to the prevailing price trend in case if price breaks down.
There is a probability of a further bearish price action towards 157.6 on a breakdown of the ascending channel as the currency pair probes 157.8 hurdle.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge turning up, the price breaks out.
A rising wedge is a specific price action indicator that can be used to spot a bearish price move if price breaks out.
A further bearish move to 101 is on the way on impulse below 102 as the commodity probes 102 hurdle.
RECTANGLE
EUR/USD
1H
We can see that eurusd forms a rectangle, the price lacks a further steady impulse up as a sign of a breakout.
When price breaks through the resistance, the resulting move could predict a further move up.
Eurusd risks a move towards the 1.116 zone.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is very close to being finished and the price is going to break out.
A descending channel provides a useful signal that can be used to signal a move up once price breaks out.
Eurusd to turn bullish towards 1.115 on a breach of 1.115 as eurusd becomes bid.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel poping up and the price is ready to break out now.
An ascending channel denotes a bearish chart indicator that typically identifies price reversal after a pause in case if price breaks through the support.
Corrective downside to 80000 is about to happen.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel is almost finished.
Once price breaks out to the the upside, the move could indicate a downward trend is about to reverse into an upnward trend.
A bullish run to the 1.33 level is possible.
RECTANGLE
USD/JPY
1H
It seems like a rectangle emerges, the price is close to breaking out.
A rectangle indicates an extension in the upward direction if price breaks out.
Usdjpy hints a change to the upside towards the 158.1 mark on a breach of 158.02 amid usdjpy recovers from recent lows.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price composes an ascending channel and the price is ready to break out.
When price collapses through the support line, the move could indicate a break during an uptrending market.
Btcusd set to plunge towards 80500 on a breakout of the ascending channel as the mood may get worse.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel takes place, the price wants a next bigger move as an information of a breakout.
When price collapses through the support line, the move could spot that the price to go down.
It is possible that corrective downside towards 2340 will be made while lower than 2345.
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