Open:
High:
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RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge arises and ethusd needs a further steady bearish move as a clue of a breakout.
A rising wedge suggests a reliable price indicator that is used to identify that the price to go short once price collapses through the support line.
It is not ruled out that a bearish price action towards 2690 will occur.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle happening, the price demands a more bullish impulse as an information of a breakout.
Once price breaks out, the resulting move could indicate a bullish price action.
It is likely that a further rangebound towards the 2700 mark will be made on a breach of 2692 as ethusd nears 2692 hurdle.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle taking place.
If price breaks out, the resulting move could identify that the price to go long.
Btcusd now looks to the 85000 mark once above 84800.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is noticed.
An ascending channel signals that the price to go short when price breaks out.
There is a probability of decline towards the 84000 zone on a breach of 84800.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that a rectangle is nearing completion and the price is ready to break out now.
When price breakdown occurs, the move could indicate extending an downtrend.
Ethusd risks a move to 2660.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel has been spotted and the price is going to break out soon.
If price collapses through the support line, the move could identify a next move down.
A bearish continuation towards 2680 is probable.
RISING WEDGE
Ethereum
ETH/USD
4H
It looks like a rising wedge happens, ethusd requests active pullback as evidence of a breakout.
A rising wedge provides a specific bearish signal that predicts a bearish price move in case if price breaks below support.
There is a chance of corrective downside towards 2680.
BULLISH FLAG
USD/JPY
1H
The price creates a bullish flag, the price is ready to break out.
A bullish flag describes a specific bullish price action pattern that can be used to indicate a move up in case if price breaks above resistance.
Usdjpy is bullish and en route towards 158.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel diagnosed, the price is breaking out.
In case if price breakdown occurs, the resulting move could indicate the more likely potential of falling prices.
Btcusd could extend its slump towards 84000 on a downside break as indicators favor bears.
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