Open:
High:
Low:
Close:
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.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel turns up and the price is about to break out soon.
If price breaks through the support, the resulting move could spot a bearish price action.
There is a chance of corrective downside towards 77000 on a breakout of the ascending channel.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price sets up an ascending channel, the price is ready to break out soon.
An ascending channel is believed to be a technical signal that typically predicts a move down in case if price collapses through the support line.
Btcusd targets a move towards 77500 on a downside break as outlook for btcusd stays negative.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel is very close to being completed.
When price breaks through the support, the resulting move could predict a bearish price action.
It is possible that a bearish run to the 2280 level will be made.
RISING WEDGE
EUR/USD
1H
Eurusd builds a rising wedge, eurusd wants next steady push down as an indication of a breakdown.
A rising wedge often indicates a bearish move when price breaks through the support.
It is possible that a further rangebound towards 1.172 will occur amid rising bets for the move.
RISING WEDGE
GBP/USD
1H
As we can see the price composes a rising wedge, the price breaks out now.
A rising wedge often predicts an upward trend is nearing its end when price breaks out to the the downside.
Gbpusd risks extending drop to the 1.355 level as downtrend may continue.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle found, the price is ready to break out.
A rectangle typically results in a sharp rise if price breaks out to the the upside.
A further rangebound towards 4660 is on the way on a breakout of the rectangle as minor hurdle remains at 4650.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
Crude-oil sets up a descending triangle, crude-oil demands a more strong move as evidence of a breakout.
A descending triangle denotes a reliable chart signal that often signals the bulls have run out of steam if price breaks out to the the downside.
There is a possibility of extra downside towards 102.
DESCENDING CHANNEL
EUR/USD
4H
As we can see a descending channel pops up and eurusd requires a further move as an information of a breakout.
A descending channel represents a compelling indicator that is used to predict a bullish price action when price breaks out.
It is not ruled out that a bullish push up towards the 1.176 level will take place on a breakout of the descending channel.
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