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BEARISH FLAG
Bitcoin
BTC/USD
1H
We can see that btcusd gives a bearish flag and the price is close to breaking out.
A bearish flag represents a bearish signal that often signals a bearish move in case if price breaks out to the the downside.
Btcusd to suffer further downside towards the 78000 mark on impulse below 78400.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
As we can see crude-oil forms a descending channel and the price is going to break out soon.
A descending channel identifies a technical bullish price action pattern with a downward bias that is used to predict a next move up when price breaks through the resistance.
Crude-oil to increase bullish potential to 86 on impulse above 84.
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
As we can see an ascending triangle is close to being finished and crude-oil asks for an impulse up for the certainty of breakout.
An ascending triangle is a technical bullish chart pattern that is used to identify that the price to go long in case if price breaks out to the the upside.
It is not ruled out that a bullish continuation towards the 84.5 zone will take place on impulse above 84.1 as the commodity resumes the upside.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel is encountered and the price needs a more strong correction to confirm a breakdown.
An ascending channel typically signals a further move down in case if price breaks below support.
Ethusd still risks a move to 2460 on a breakout of the ascending channel.
RECTANGLE
Ethereum
ETH/USD
4H
There is a rectangle spotted.
When price collapses through the support line, the resulting move could signal extending an downtrend.
It is not ruled out that a further bearish push down towards 2400 will form.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle happening, the price calls for an active move for the certainty of breakout.
A descending triangle can be thought of as a useful pattern that can be used to spot that the price will rally further if price breaks above resistance.
A move towards the 2500 level looks likely on a breakout of the descending triangle.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle happening.
A rectangle often spots a bullish price move if price breaks out to the the upside.
It is likely that a bullish price action towards 2460 will be made on a break above 2456.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been discovered and btcusd requires a next bigger bullish impulse for clear breakout confirmation.
A pennant typically spots a bullish move if price breaks out to the the upside.
Btcusd challenges a move to 78500 on a break above 78400.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like btcusd shapes a descending channel.
A descending channel predicts a downward trend is about to reverse into an upnward trend when price breaks out.
A move to the 79000 zone is on the way as the cryptocurrency resumes the upside.
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