Open:
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RISING WEDGE
Bitcoin
BTC/USD
1H
The price sets up a rising wedge and btcusd lacks a next move for clear breakdown confirmation.
A rising wedge typically results in extending an downtrend when price breakdown occurs.
Btcusd opens door for a move to 80200.
RECTANGLE
Bitcoin
BTC/USD
1H
It looks like a rectangle is close to being complete.
A rectangle signals the bears have run out of steam if price breaks out.
Btcusd to surge considerably to 80400.
PENNANT
Crude Oil
USOIL
1H
A pennant is almost done, crude-oil expects next active pullback to confirm a breakdown.
A pennant predicts extending an downtrend if price collapses through the support line.
It is possible that a bearish continuation to 94 will happen.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like a falling wedge has been determined.
A falling wedge suggests a reliable bullish price action formation that can be used to signal a sharp rise when price breaks out to the the upside.
It is not ruled out that a bullish run towards 80500 will form once beyond 80100 amid rising bets for the move.
PENNANT
USD/JPY
1H
There is a pennant observed.
A pennant depicts a compelling price action indicator that typically indicates the more likely potential of rising prices in case if price breaks out to the the upside.
It is possible that a bullish continuation to 156.8 will take place.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that the price gives a descending channel, ethusd requires a further move as an information of a breakout.
A descending channel indicates a temporary interruption during a falling market in case if price breaks out.
There is a chance of a bullish price action to 2320 as minor hurdle remains at 2310.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel exposed and the price is going to break out now.
A descending channel often spots an interruption of a downtrend when price breaks through the resistance.
It is possible that a rangebound towards 81000 will form once beyond 80200.
ASCENDING CHANNEL
USD/JPY
1H
The price forms an ascending channel, the price is about to break out now.
An ascending channel often results in a change in price direction when price breaks out.
A bearish run towards the 156.4 zone looks likely.
RISING WEDGE
Crude Oil
USOIL
1H
There is a rising wedge revealed and crude-oil expects a more active move as evidence of a breakout.
A rising wedge is said to depict a reliable price signal that typically predicts an upward trend is about to reverse into an downward trend in case if price breakdown occurs.
Crude-oil to accomodate to 92.
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