Open:
High:
Low:
Close:
RISING WEDGE
Bitcoin
BTC/USD
1H
Btcusd sets up a rising wedge, btcusd lacks a next active move as proof of a breakout.
A rising wedge describes a chart signal that typically signals a tendency to break in the opposite direction if price breaks below support.
There is a chance of a bearish push down towards the 78200 zone.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel identified.
An ascending channel indicates prices are likely to keep falling downward if price breaks down.
A move to 2300 is not ruled out.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like btcusd builds an ascending triangle and the price requires a next active bullish move to confirm a breakout.
An ascending triangle indicates a bullish move when price breaks out to the the upside.
Btcusd to extend its rebound towards 79000 on a breach of 78800 as the cryptocurrency becomes bid.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
Ethusd gives an ascending triangle.
In case if price breaks through the resistance, the resulting move could identify extending an uptrend.
Ethusd to prolong the growth phase towards the 2330 zone once beyond 2320.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle identified, the price requests further push down for clear breakdown confirmation.
Once price collapses through the support line, the move could spot a bearish price action.
Corrective downside to the 2300 mark is not ruled out as outlook for ethusd stays negative.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle arises, the price is about to break out.
A descending triangle tends to be a bullish price formation that can be used to identify a further move up once price breaks out.
A rangebound towards 78500 is possible on a breakout of the descending triangle as btcusd resumes the upside.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
It looks like btcusd completes a descending channel.
A descending channel denotes a specific indicator that is used to identify a bearish-to-bullish trend reversal if price breaks above resistance.
It is possible that a further bullish continuation to 79000 will occur.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle appearing.
A descending triangle is considered to be a compelling price formation that is used to predict that the price to go up once price breaks above resistance.
Ethusd advances higher to 2320 as the wind continues blowing in favor of the cryptocurrency.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant distinguished and the price is ready to break out.
A pennant suggests a useful price formation that can be used to identify a sharp rise once price breaks above resistance.
Ethusd to accomodate to the 2310 mark.
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