Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
It seems like the price establishes a descending triangle and the price needs a move as a signal of a breakout.
A descending triangle often signals an extension in the upward direction if price breaks above resistance.
Ethusd turns higher towards 2515.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It seems like a bearish flag comes out and btcusd demands active pullback to confirm bearish flag breakout.
A bearish flag spots a further move down in case if price collapses through the support line.
Btcusd to extend the fall towards the 82800 mark as extra rangebound not ruled out.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle distinguished, the price is ready to break out.
An ascending triangle depicts a compelling price action pattern that spots the bulls have run out of steam in case if price breaks out to the the downside.
Btcusd risks extra losses towards the 83000 mark on impulse below 83050 as extra rangebound not ruled out.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge has been recognized.
A rising wedge suggests a specific price action signal that can be used to identify a next move down when price collapses through the support line.
It is likely that a further bearish push down to 2500 will take place as bearish momentum increases.
BEARISH FLAG
Ethereum
ETH/USD
1H
As we can see a bearish flag develops and ethusd lacks a further steady move for the certainty of breakdown.
A bearish flag describes a specific bearish formation that has an upward slope that can be used to spot a tendency to break in the opposite direction when price collapses through the support line.
A bearish price action to 2500 is on the cards.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
As we can see a descending triangle is almost completed.
In case if price breaks through the resistance, the move could spot an extension in the upward direction.
A bullish price action towards the 83000 mark is on the cards as minor hurdle remains at 82900.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel discovered, the price demands an active move as a signal of a breakout.
When price breaks through the resistance, the resulting move could spot extending an uptrend.
Ethusd turns higher to the 2510 mark.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle developing.
An ascending triangle provides a price indicator that can be used to spot the bulls have run out of steam once price breakdown occurs.
There is a chance of extra downside towards the 82500 level.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle arises and the price is going to break out.
An ascending triangle identifies a specific signal that typically spots a next move down when price breakdown occurs.
Ethusd to continue the dereciation trend towards the 2490 zone on a breach of 2498 as risk reversal sheds bullish bias.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.