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PENNANT
Bitcoin
BTC/USD
1H
There is a pennant happening, the price is ready to break out soon.
A pennant depicts a technical chart pattern that typically results in a next move up if price breaks out.
A bullish continuation towards 67200 looks possible on a breakout of the pennant as bulls lurking in demand zone.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle found, the price is about to break out now.
A descending triangle describes a reliable price formation that can be used to identify extending an uptrend if price breaks out to the the upside.
Ethusd does not rule out a move to the 2060 mark on a breakout of the descending triangle as the cryptocurrency nears 2056 hurdle.
BEARISH FLAG
Ethereum
ETH/USD
4H
The price builds a bearish flag, the price breaks out.
A bearish flag describes a technical price action pattern that can be used to spot a breakdown is likely to occur once price breaks through the support.
Ethusd risks further downside to the 2000 level.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle uncovered, the price is ready to break out.
An ascending triangle suggests an indicator that is used to indicate that the price will rally further in case if price breaks above resistance.
A bullish push up towards the 159.7 zone is likely on a breakout of the ascending triangle.
BEARISH FLAG
GBP/USD
1H
There is a bearish flag noticed.
A bearish flag denotes a compelling signal that can be used to identify a bearish price action once price breaks out to the the downside.
Gbpusd set to accelerate its decline to the 1.32 zone.
ASCENDING CHANNEL
EUR/USD
4H
An ascending channel is observed and eurusd wants a next strong move as proof of a breakout.
An ascending channel is a bearish formation with an upward bias that often signals a bearish price action in case if price breaks out to the the downside.
There is a possibility of a bearish push down to 1.15 while below 1.152.
DESCENDING CHANNEL
USD/JPY
4H
We can see that usdjpy builds a descending channel.
A descending channel suggests a bullish indicator that typically identifies extending an uptrend when price breaks through the resistance.
A bullish run towards the 160 mark looks probable on a breakout of the descending channel.
PENNANT
GBP/USD
4H
A pennant is very close to being finished and the price is ready to break out.
A pennant often identifies a further move down when price breaks through the support.
A bearish move to the 1.315 level stays on the cards as there is a chance of further weakness.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like an ascending triangle happens.
An ascending triangle depicts a specific bearish price indicator that is used to indicate the bulls have run out of steam in case if price collapses through the support line.
There is a possibility of a bearish price action to 66500.
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