Open:
High:
Low:
Close:
BEARISH FLAG
Ethereum
ETH/USD
1H
As we can see a bearish flag develops and ethusd lacks a further steady move for the certainty of breakdown.
A bearish flag describes a specific bearish formation that has an upward slope that can be used to spot a tendency to break in the opposite direction when price collapses through the support line.
A bearish price action to 2500 is on the cards.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
As we can see a descending triangle is almost completed.
In case if price breaks through the resistance, the move could spot an extension in the upward direction.
A bullish price action towards the 83000 mark is on the cards as minor hurdle remains at 82900.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel discovered, the price demands an active move as a signal of a breakout.
When price breaks through the resistance, the resulting move could spot extending an uptrend.
Ethusd turns higher to the 2510 mark.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle developing.
An ascending triangle provides a price indicator that can be used to spot the bulls have run out of steam once price breakdown occurs.
There is a chance of extra downside towards the 82500 level.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle arises and the price is going to break out.
An ascending triangle identifies a specific signal that typically spots a next move down when price breakdown occurs.
Ethusd to continue the dereciation trend towards the 2490 zone on a breach of 2498 as risk reversal sheds bullish bias.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle recognized.
A symmetrical triangle typically results in the more likely potential of rising prices in case if price breaks above resistance.
It is likely that a rangebound towards 83000 will take place.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises, the price wants a further bigger move for the certainty of breakout.
An ascending channel is said to depict a price action formation with an upward bias that is used to identify prices are likely to keep falling downward in case if price breaks out to the the downside.
It is possible that a bearish price action to the 82000 level will form.
PENNANT
Ethereum
ETH/USD
1H
As we can see a pennant is recognized, ethusd lacks a more bigger bullish action as a verification of a breakout.
A pennant is a useful bullish signal that can be used to indicate that prices are likely to keep rallying upward in case if price breaks out to the the upside.
Ethusd to increase bullish potential towards the 2500 level on a breakout of the pennant as door open for a test of 2500.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel observed.
An ascending channel identifies a bearish price move in case if price breakdown occurs.
It is not ruled out that a bearish continuation towards 4200 will be made.
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