Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price sets up an ascending triangle and the price breaks out.
In case if price breaks above resistance, the resulting move could spot that the price will rally further.
A bullish continuation towards 2280 is a possibility on a breach of 2274.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle is close to being finished, btcusd calls for a more active move as evidence of a breakout.
A rectangle indicates a further move up when price breaks through the resistance.
Btcusd to maintain its positive tone to the 76600 zone.
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge is almost completed.
A falling wedge describes a price signal that typically spots a bullish price action in case if price breaks through the resistance.
Btcusd could attempt a move to the 78000 level as btcusd becomes bullish.
ASCENDING CHANNEL
USD/JPY
1D
We can see that usdjpy shapes an ascending channel, the price asks for a bigger correction as a verification of a breakdown.
An ascending channel often indicates the bulls have run out of steam if price breaks out.
It is likely that a bearish move to 158.5 will be made.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a descending triangle turns up.
A descending triangle is believed to be a technical bullish price pattern that is used to signal that the price to go long in case if price breaks out.
It is possible that a move towards the 77000 level will be made once above 76600.
PENNANT
Ethereum
ETH/USD
1H
It looks like a pennant is close to being completed, the price is going to break out now.
A pennant can be thought of as a price formation that typically identifies that the price will rally further if price breaks out to the the upside.
Ethusd to increase bullish potential towards the 2280 zone on a breach of 2265.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel has been identified, eurusd expects an active move as proof of a breakout.
A descending channel identifies a specific bullish price action formation that is angled down that results in a tendency to break in the opposite direction when price breaks out to the the upside.
It is likely that a further bullish continuation towards the 1.174 mark will take place on a breach of 1.1725.
DESCENDING CHANNEL
GBP/USD
4H
We can see that gbpusd sets up a descending channel, the price is breaking out.
A descending channel typically spots a further move up if price breaks out.
There is a probability of a further bullish price action to the 1.356 level as the currency pair becomes bullish.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is almost done, the price is breaking out.
Once price breaks above resistance, the resulting move could predict a bullish price move.
A bullish push up towards 76500 about to be made.
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