Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is close to being done and the price lacks a next bullish impulse as an information of a breakout.
A descending channel suggests a pattern that indicates that the price to go up if price breaks through the resistance.
Btcusd advances higher to 64000 amid rising bets for the move.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel takes place and the price asks for a next bigger move as a signal of a breakout.
When price breaks out to the the upside, the resulting move could signal a further move up.
It is possible that a bullish push up towards 1720 will happen.
RECTANGLE
Gold
XAU/USD
4H
A rectangle is almost completed.
If price breaks out to the the downside, the move could identify that the price to go down.
There is a possibility of a bearish run to the 4150 level.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
There is a descending channel turning up and the price is breaking out.
A descending channel suggests a specific bullish chart signal that is used to predict a countertrend succeeding the current trend when price breaks through the resistance.
Crude-oil could attempt a move to the 80 mark as the commodity loses bearish momentum.
FALLING WEDGE
Crude Oil
USOIL
1H
There is a falling wedge uncovered.
A falling wedge can be thought of as a compelling chart indicator that results in that the price to go long in case if price breaks through the resistance.
A rangebound to 75 looks likely on a breach of 74.5.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
The price sets up a descending channel and the price requires an active bullish action to confirm descending channel breakout.
A descending channel spots a change in price direction once price breaks out to the the upside.
Crude-oil to strengthen to 80 as the commodity probes 74 hurdle.
RECTANGLE
Crude Oil
USOIL
1H
A rectangle has been exposed and the price demands a bigger move for clear breakdown confirmation.
If price breaks out, the resulting move could spot a sharp decline.
It is likely that a rangebound towards the 73 zone will form on impulse below 73.6.
FALLING WEDGE
Bitcoin
BTC/USD
1H
The price establishes a falling wedge and the price is about to break out now.
A falling wedge is a useful bullish formation that signals a bullish price move once price breaks through the resistance.
Btcusd hints a change to the upside to 64500 on a breakout of the falling wedge.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
We can see that btcusd shows a descending triangle, the price calls for a more steady bearish impulse for clear breakout confirmation.
A descending triangle typically results in a bearish price move if price collapses through the support line.
Btcusd opens door for a move towards 63000 on a breakout of the descending triangle as upside pressure seen easing.
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