Open:
High:
Low:
Close:
PENNANT
Ethereum
ETH/USD
1H
It looks like a pennant turns up, the price expects a more bullish action as an information of a breakout.
When price breaks above resistance, the resulting move could spot the more likely potential of rising prices.
Ethusd to continue the appreciation trend to the 2020 level on a breach of 1995 as downside pressure mitigates.
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is detected.
An ascending triangle results in an extension in the downward direction in case if price breaks out.
Extra downside towards 153.4 stays on the cards on a breakout of the ascending triangle.
PENNANT
EUR/USD
1H
It seems like the price establishes a pennant, eurusd needs a further move as proof of a breakout.
If price breaks down, the move could identify a next move down.
Eurusd to slide to 1.184.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like the price builds a descending triangle, the price requests a further steady bearish continuation for the certainty of breakout.
In case if price breaks out, the resulting move could signal the more likely potential of falling prices.
Btcusd now looks towards the 68000 level.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel coming out, the price is ready to break out.
If price collapses through the support line, the move could identify a bearish move.
There is a possibility of a bearish run towards 4980 while below 4990 as the commodity looks offered.
RISING WEDGE
Bitcoin
BTC/USD
4H
As we can see a rising wedge occurs, btcusd requests a bearish continuation to confirm a breakout.
A rising wedge depicts a useful pattern that has an upward slope that typically signals a bearish price action once price breakdown occurs.
It is not ruled out that a bearish continuation towards the 68000 mark will form on a breakout of the rising wedge.
RISING WEDGE
EUR/USD
1H
It looks like eurusd gives a rising wedge and the price is breaking out.
If price breakdown occurs, the resulting move could spot that the price to go short.
There is a probability of a rangebound towards 1.186.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel forming.
An ascending channel depicts a useful bearish pattern that is used to spot a next move down once price collapses through the support line.
Corrective downside to 1.362 is probable on a breach of 1.3645.
RECTANGLE
EUR/USD
4H
Eurusd shows a rectangle, the price expects a strong move as a verification of a breakout.
When price breakdown occurs, the resulting move could indicate the more likely potential of falling prices.
A move towards 1.184 is possible on a breach of 1.1855.
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