Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle appears.
A rectangle provides a bullish chart indicator that is used to indicate a bullish price move if price breaks out to the the upside.
Btcusd advances higher to the 78000 level while above 77700.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that the price forms a descending channel, ethusd requires a further strong bullish continuation as proof of a breakout.
A descending channel depicts a bullish price indicator that typically signals a bullish move in case if price breaks through the resistance.
A bullish price action towards 2130 is likely.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel is almost finished.
A descending channel typically predicts a potential reversal in price action in case if price breaks above resistance.
Ethusd does not rule out a move to the 2140 mark as door open for a test of 2140.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that btcusd completes an ascending triangle and the price is about to break out now.
An ascending triangle identifies a further move up in case if price breaks out to the the upside.
Btcusd advances higher towards the 78000 zone on a breach of 77400.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
A descending channel is almost completed, the price requests active push up as a signal of a breakout.
A descending channel identifies a reliable bullish price action formation that is used to signal a bullish price action when price breaks through the resistance.
Btcusd points to the upside towards 78000 on a breach of 77400 as indicators favor bulls.
BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag exposed, ethusd needs a further bullish continuation as a clue of a breakout.
A bullish flag results in price reversal after a pause if price breaks through the resistance.
It is possible that a bullish move towards 2120 will be made once above 2105 as outlook for the cryptocurrency stays positive.
RECTANGLE
USD/JPY
1H
A rectangle is distinguished and the price needs more active fall to confirm rectangle breakout.
A rectangle suggests a technical price signal that can be used to spot a sharp decline once price collapses through the support line.
Usdjpy hints a change to the downside towards 158.8 on a breach of 158.86.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel emerges.
A descending channel describes a chart indicator that is used to indicate price reversal after a pause in case if price breaks through the resistance.
A bullish continuation to 1.165 is on the cards while above 1.163 amid rising bets for the move.
DESCENDING CHANNEL
Gold
XAU/USD
1H
As we can see a descending channel has been determined and the price lacks a bigger move as a signal of a breakout.
In case if price breaks out to the the upside, the move could predict price heading to a new direction.
There is a probability of a move to the 4560 zone on a breach of 4540 as bulls seeking a new high.
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