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DESCENDING CHANNEL
Ethereum
ETH/USD
4H
As we can see a descending channel is observed and the price is breaking out.
A descending channel often spots a downward trend is about to reverse into an upnward trend if price breaks out to the the upside.
Ethusd looks ready to further extend its gains to the 2200 zone on impulse above 2100.
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle coming out.
A symmetrical triangle is considered to be a bullish price action formation that indicates the bears have run out of steam if price breaks out to the the upside.
Usdjpy to push up towards the 157.2 mark on a breakout of the symmetrical triangle.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
The price composes a descending channel.
A descending channel predicts a bullish price action once price breaks out.
It is not ruled out that a bullish push up to the 64.5 level will form as crude-oil loses bearish momentum.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge is noticed, the price is breaking out.
A falling wedge describes a bullish price indicator that can be used to predict that prices are likely to keep rallying upward once price breaks above resistance.
Eurusd to extend its rebound to 1.18 on a breach of 1.1794 as downside pressure mitigates.
DESCENDING CHANNEL
Gold
XAU/USD
1H
Gold shapes a descending channel, the price is ready to break out now.
In case if price breaks through the resistance, the resulting move could spot a bullish price action.
Gold tests a move to 4950 amid rising bets for the move.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel emerging.
A descending channel describes a chart signal that can be used to signal a move up once price breaks out to the the upside.
Ethusd tests a move towards the 2000 mark amid rising bets for the move.
FALLING WEDGE
GBP/USD
1H
We can see that a falling wedge occurs, gbpusd wants a next move as an indication of a breakout.
A falling wedge is considered to be a bullish signal that is used to indicate that the price to go up once price breaks out.
It is possible that a move towards the 1.36 mark will happen.
FALLING WEDGE
EUR/USD
4H
A falling wedge is very close to being finished and the price is ready to break out now.
A falling wedge identifies a technical chart pattern that is angled down that is used to predict that the price to go long once price breaks out.
A bullish move to 1.185 is going to happen.
FALLING WEDGE
USD/JPY
1H
A falling wedge is almost finished.
A falling wedge identifies a useful bullish formation that is angled down that often signals a move up if price breaks out to the the upside.
Usdjpy to move up to 157 once beyond 156.85.
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