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RISING WEDGE
EUR/USD
4H
There is a rising wedge revealed and the price breaks out.
A rising wedge identifies a pattern that has an upward slope that can be used to signal a bearish move when price breaks down.
Eurusd could drop to the 1.174 mark as upside pressure seen easing.
RECTANGLE
GBP/USD
1H
A rectangle is very close to being completed, the price is ready to break out.
A rectangle is said to depict a technical signal that is used to identify that the price to go short in case if price breaks through the support.
There is a probability of a move to 1.356 as door open for the continuation of the downtrend.
RISING WEDGE
Bitcoin
BTC/USD
4H
A rising wedge develops.
A rising wedge identifies a temporary interruption of an existing trend if price breaks out.
Btcusd is at risk of resuming its decline to the 80500 zone on a breakout of the rising wedge.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel identified.
An ascending channel typically signals a bearish price action in case if price collapses through the support line.
It is not ruled out that a bearish price action to 2280 will happen as outlook for ethusd stays negative.
PENNANT
Bitcoin
BTC/USD
1H
We can see that the price sets up a pennant and the price is about to break out.
A pennant spots prices are likely to keep falling downward when price breaks down.
There is a possibility of extra downside towards 81000.
RISING WEDGE
GBP/USD
4H
We can see that a rising wedge is nearing completion.
A rising wedge provides a specific bearish chart pattern that is angled up that is used to indicate a change in the prevailing trend when price breaks through the support.
A bearish run to the 1.356 zone is going to happen on a breakdown of the rising wedge amid rising bets for the move.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
It seems like the price builds a descending channel and the price is breaking out.
A descending channel suggests a specific chart formation that is angled down that can be used to indicate that the price to go up in case if price breaks through the resistance.
Crude-oil to look for a further push to 105 once beyond 100.
SYMMETRICAL TRIANGLE
Crude Oil
USOIL
1H
There is a symmetrical triangle noticed, the price requires a next steady bullish move as an indication of a breakout.
A symmetrical triangle identifies a useful bullish pattern that often results in a bullish price action once price breaks out to the the upside.
It is possible that a bullish continuation towards 100 will occur while above 99.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle recognized.
An ascending triangle is a price action signal that typically indicates an upward trend is nearing its end in case if price breaks below support.
Eurusd to accomodate to the 1.177 mark.
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