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ASCENDING TRIANGLE
Crude Oil
USOIL
1H
There is an ascending triangle materializing and the price is breaking out.
When price breaks above resistance, the resulting move could identify a bullish price action.
Crude-oil to prolong the growth phase to 83.5 while above 83.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is close to being completed.
When price breaks out to the the downside, the resulting move could identify a bearish price move.
Gold to resume its downfall to 4380 as outlook for the commodity stays negative.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle is close to being done, the price is breaking out.
A rectangle identifies a bullish price action signal that typically identifies a bullish price move in case if price breaks out to the the upside.
Btcusd could attempt a move towards 63400 while above 63300.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is very close to being completed and the price is ready to break out.
A descending channel typically indicates extending an uptrend once price breaks out to the the upside.
A rangebound towards 1895 looks likely.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1D
There is a descending triangle turning up.
A descending triangle depicts a reliable bearish chart formation that identifies the bulls have run out of steam when price breaks below support.
Btcusd to plummet towards the 62000 zone.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
It looks like a descending triangle is very close to being completed.
A descending triangle is believed to be a specific price action pattern that can be used to spot that the price to go long when price breaks out.
Ethusd risks a move to 1920 on a breakout of the descending triangle as minor hurdle remains at 1900.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag recognized.
A bearish flag tends to be a bearish indicator that is used to indicate a bearish price move when price breaks out.
A bearish price action towards 62900 about to be made.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that the price shapes an ascending channel.
An ascending channel denotes a specific bearish chart indicator that often indicates a further move down if price breaks down.
There is a chance of a bearish move to the 1880 level on a breach of 1880 as gains remain capped.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price sets up an ascending triangle, the price is ready to break out.
An ascending triangle suggests a bullish pattern that often indicates that the price will rally further when price breaks through the resistance.
It is not ruled out that a move towards 1886 will be made as indicators turn bullish.
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