Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle forms and btcusd wants an active move to confirm a breakout.
An ascending triangle often results in a bullish move when price breaks out to the the upside.
Btcusd to strengthen to 78000 on a breach of 77400 as bulls seeking a new high.
PENNANT
Crude Oil
USOIL
1H
There is a pennant turning up, the price demands a more bigger move as a clue of a breakout.
A pennant signals a next move up in case if price breaks above resistance.
Crude-oil to prolong the growth phase to 101.
BULLISH RECTANGLE
USD/JPY
4H
The price develops a bullish rectangle and the price is breaking out.
A bullish rectangle identifies a bullish move when price breaks through the resistance.
It is likely that a bullish continuation towards 160 will form once above 159.8 as the currency pair nears 159.8 hurdle.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle found, usdjpy asks for an active bearish move as a sign of a breakdown.
When price breaks below support, the move could indicate prices are likely to keep falling downward.
Usdjpy to suffer further downside to 159.4 while below 159.6.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel occuring.
When price breaks above resistance, the move could identify that prices are likely to keep rallying upward.
Btcusd hints a change to the upside towards 77000.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is nearing completion, the price is about to break out soon.
When price breaks out to the the upside, the resulting move could spot a bullish price action.
Ethusd advances higher to 2310.
FALLING WEDGE
Bitcoin
BTC/USD
1H
We can see that a falling wedge has been observed.
In case if price breaks through the resistance, the move could spot that the price to go long.
There is a possibility of a rangebound towards 77000.
RISING WEDGE
Bitcoin
BTC/USD
1D
There is a rising wedge determined.
A rising wedge suggests a specific bearish price indicator that is used to predict that the price to go down in case if price collapses through the support line.
There is a probability of a bearish move to 76000.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
We can see that an ascending channel is close to being completed and the price requests more steady pullback for the certainty of breakout.
An ascending channel is considered to be a reliable chart indicator that is used to indicate a bearish move if price breaks below support.
Crude-oil risks a move towards the 98 level.
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