Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel taking place and the price is going to break out soon.
An ascending channel tends to be a technical chart pattern that typically results in a bearish price action when price collapses through the support line.
Ethusd to increase bearish potential to 1950 on a breakout of the ascending channel.
BULLISH FLAG
Ethereum
ETH/USD
1H
It looks like a bullish flag is very close to being finished, the price is ready to break out now.
A bullish flag depicts a compelling bullish pattern that is used to indicate a break in the price direction in case if price breaks out to the the upside.
It is not ruled out that a further bullish continuation towards the 2050 level will take place as downside pressure alleviates.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price creates a descending channel, btcusd wants a more bigger bullish action as a verification of a breakout.
A descending channel represents a compelling bullish chart formation with a downward bias that often results in that the price to go long in case if price breaks out.
Btcusd challenges a move towards the 69000 mark.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like the price creates a descending channel, the price requires a move as an information of a breakout.
In case if price breaks out to the the upside, the resulting move could predict a bullish price move.
There is a chance of a move to the 2000 zone on a breach of 1990 as the cryptocurrency probes 1990 hurdle.
SYMMETRICAL TRIANGLE
Gold
XAU/USD
1H
There is a symmetrical triangle developing, the price is about to break out.
A symmetrical triangle identifies a specific bullish price indicator that can be used to indicate extending an uptrend once price breaks above resistance.
A bullish continuation towards 5160 is going to happen once beyond 5145 as the commodity becomes supported.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel noticed and eurusd asks for a further strong move as a clue of a breakout.
A descending channel often results in that the price to go up if price breaks through the resistance.
Eurusd looks north towards 1.162.
RECTANGLE
GBP/USD
1H
We can see that a rectangle comes out and gbpusd expects next push up as an information of a breakout.
A rectangle describes a specific signal that is used to indicate the bears have run out of steam when price breaks out.
Gbpusd aims to complete a retracement to 1.34 as the currency pair challenges 1.3375 hurdle.
RISING WEDGE
USD/JPY
1H
It seems like a rising wedge is nearing completion, usdjpy lacks bigger pullback as an indication of a breakout.
A rising wedge identifies a bearish price move when price breaks out.
A bearish price action towards the 157.4 zone is on the way.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It seems like a descending channel is detected.
Once price breaks above resistance, the resulting move could signal a bullish price action.
A further move to the 5120 level is on the way.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.