Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like a descending channel is close to being done and the price requires next strong rise for the certainty of breakout.
A descending channel denotes a bullish formation that predicts a countertrend succeeding the current trend when price breaks out to the the upside.
It is not ruled out that a further bullish move to 67000 will be made.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel encountered.
An ascending channel represents a price indicator that typically signals an interruption of an uptrend once price breaks down.
There is a probability of a further move to the 154.5 mark on a break below 154.8.
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge has been recognized, btcusd requires a next impulse up as evidence of a breakout.
A falling wedge signals that prices are likely to keep rallying upward when price breaks through the resistance.
There is a possibility of a further bullish continuation towards the 68000 mark as bulls lurking in demand zone.
RECTANGLE
Gold
XAU/USD
1H
It seems like a rectangle is close to being done, gold lacks a next bigger bullish action to confirm rectangle breakout.
A rectangle spots that prices are likely to keep rallying upward in case if price breaks out to the the upside.
It is not ruled out that a bullish move to 5040 will form as door open for a test of 5040.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle happens.
A descending triangle typically identifies that the price to go short if price breaks through the support.
Btcusd set to plunge towards the 65500 zone on a breakout of the descending triangle.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle has been noticed and ethusd lacks a further active impulse down as evidence of a breakdown.
When price breakdown occurs, the move could indicate the bulls have run out of steam.
Ethusd could attempt a move towards the 1920 level amid ethusd recedes from recent highs.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that a descending triangle arises and the price breaks out.
A descending triangle tends to be a bearish price action formation that is used to spot a bearish price move if price breakdown occurs.
Ethusd looks south to the 1900 mark on impulse below 1930.
RISING WEDGE
Gold
XAU/USD
1H
As we can see a rising wedge is close to being complete, the price is ready to break out.
A rising wedge often signals a next move down in case if price breaks below support.
It is not ruled out that extra downside to 4950 will take place as upside pressure seen easing.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is almost finished, the price requires a steady move as a verification of a breakdown.
An ascending channel signals a further move down once price collapses through the support line.
There is a chance of corrective downside to 154.5 on a breach of 154.9.
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