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DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is a descending channel detected and the price wants a further move as an information of a breakout.
If price breaks out, the move could signal that prices move counter to the prevailing price trend.
Btcusd to move upward towards 78000 once above 77000 as risk reversal sheds bearish bias.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel emerging and the price needs a further strong move as a clue of a breakout.
A descending channel represents a reliable price signal that can be used to spot that the price will rally further if price breaks out.
Ethusd turns bullish towards the 2150 level on a breakout of the descending channel as ethusd loses bearish momentum.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
It looks like a descending channel develops, the price requests a further steady move as proof of a breakout.
A descending channel represents a specific price formation that is angled down that typically indicates that the price to go up when price breaks out to the the upside.
Ethusd to continue higher to 2150 on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel emerging.
In case if price breaks out to the the upside, the resulting move could identify a break in the price direction.
Btcusd aims to complete a retracement towards the 76000 level on a break above 75600 as door open for a test of 76000.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1D
There is an ascending channel exposed, btcusd demands a further active move as a signal of a breakout.
An ascending channel tends to be a useful bearish price action indicator that signals a change in the prevailing trend in case if price breaks below support.
A bearish price action towards 74000 is a possibility.
DESCENDING CHANNEL
USD/JPY
1D
It looks like usdjpy forms a descending channel.
A descending channel identifies a compelling bullish signal that spots price reversal after a pause in case if price breaks above resistance.
A bullish run to the 160 mark is on the way while above 159.2.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle arising.
A descending triangle results in a sharp decline if price breaks below support.
A rangebound to the 2100 zone stays on the cards.
RISING WEDGE
GBP/USD
4H
The price establishes a rising wedge and the price is about to break out.
A rising wedge can be thought of as a chart signal that results in a bearish price action once price breaks down.
It is likely that extra downside towards the 1.34 level will form on a breakout of the rising wedge.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that a descending triangle is noticed.
A descending triangle describes a useful pattern that spots prices are likely to keep falling downward in case if price breaks out to the the downside.
Crude-oil to push down to the 94 level on a breakout of the descending triangle as the commodity sticks to the negative mood.
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