Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like an ascending channel has been discovered and the price is ready to break out.
An ascending channel identifies a technical bearish formation that can be used to indicate that the price to go short once price breaks below support.
Ethusd to slide to 1650 on a breakout of the ascending channel as ethusd becomes vulnerable.
RISING WEDGE
Bitcoin
BTC/USD
4H
We can see that a rising wedge is close to completion, the price is close to breaking out.
A rising wedge provides a reliable bearish price action indicator that can be used to identify a bullish-to-bearish trend reversal in case if price collapses through the support line.
It is possible that decline towards the 64000 level will occur.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel poping up, btcusd requests a next strong impulse down for the certainty of breakout.
If price breaks below support, the resulting move could indicate a break during an uptrending market.
It is likely that a bearish run to 64200 will be made on a breakout of the ascending channel.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge forming.
A rising wedge represents a reliable bearish signal that can be used to indicate a bearish price move when price breakdown occurs.
It is not ruled out that a bearish price action towards 64200 will happen as btcusd loses bullish momentum.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle poping up.
If price breaks down, the move could identify a move down.
Ethusd risks further downside towards the 1660 mark on a breakdown of the ascending triangle as bears seeking a new low.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge is almost finished and the price expects a more steady move as a sign of a breakout.
When price breaks through the support, the resulting move could predict an extension in the downward direction.
Ethusd to extend the correction lower to the 1670 mark on a breakout of the rising wedge as the cryptocurrency is at a brink of a bearish breakout.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
It looks like a symmetrical triangle is very close to being finished and the price is ready to break out now.
A symmetrical triangle often indicates a further move up if price breaks above resistance.
It is not ruled out that a rangebound towards 1680 will be made on a breakout of the symmetrical triangle.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been noticed.
A pennant can be thought of as a pattern that is used to signal a bullish price action when price breaks above resistance.
It is possible that a bullish continuation towards 64000 will form on a breakout of the pennant.
RECTANGLE
Bitcoin
BTC/USD
4H
Btcusd shapes a rectangle, btcusd asks for a next strong move as evidence of a breakout.
If price breaks through the resistance, the move could signal a next move up.
It is possible that a rangebound towards the 65000 mark will happen on a breach of 63800.
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