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RISING WEDGE
GBP/USD
1H
A rising wedge forms and gbpusd requires a steady bearish continuation to confirm rising wedge breakdown.
When price collapses through the support line, the move could predict a bearish move.
There is a probability of a bearish price action to the 1.354 zone while below 1.3548 as door open for a test of 1.354.
ASCENDING TRIANGLE
GBP/USD
1H
There is an ascending triangle determined, the price expects a next steady move as proof of a breakout.
An ascending triangle is believed to be a bullish price pattern that predicts a sharp rise in case if price breaks above resistance.
It is not ruled out that a bullish price action towards the 1.356 mark will take place.
DESCENDING CHANNEL
EUR/USD
1H
We can see that a descending channel is close to being completed.
A descending channel is a specific bullish chart indicator that spots a break during a downtrending market in case if price breaks above resistance.
It is likely that a rangebound to 1.164 will take place as extra rangebound not ruled out.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel spotted, the price is ready to break out.
A descending channel can be thought of as a reliable price signal that can be used to spot a bullish price action in case if price breaks above resistance.
Ethusd violates bearish trendline towards 2510 as bulls looking for profit.
PENNANT
Ethereum
ETH/USD
4H
There is a pennant developing and ethusd needs a steady bullish action as a signal of a breakout.
A pennant tends to be a useful bullish chart formation that indicates the bears have run out of steam once price breaks out to the the upside.
Ethusd to prolong the growth phase towards the 2520 mark while above 2510 as bulls looking for profit.
ASCENDING TRIANGLE
EUR/USD
4H
It looks like an ascending triangle is noticed and eurusd asks for a bullish action as proof of a breakout.
An ascending triangle describes a compelling chart pattern that can be used to spot extending an uptrend when price breaks above resistance.
Eurusd to move up towards the 1.166 mark once beyond 1.164.
FALLING WEDGE
Gold
XAU/USD
1H
We can see that a falling wedge develops.
A falling wedge is believed to be a technical bullish price action indicator that typically indicates a further move up if price breaks out to the the upside.
A bullish continuation towards 4420 is going to happen on a breach of 4405.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like a descending channel takes place, the price requests a bit more consolidation as a clue of a breakout.
A descending channel often results in an extension in the upward direction if price breaks out to the the upside.
It is not ruled out that a bullish price action to the 79000 mark will be made.
ASCENDING TRIANGLE
USD/JPY
1H
As we can see an ascending triangle is nearing completion, the price is going to break out soon.
An ascending triangle is believed to be a reliable pattern that is used to spot that the price to go short once price breaks down.
Usdjpy set to plunge to 153.4 on impulse below 153.6.
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