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DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle coming out.
A descending triangle provides a specific bullish formation that is used to identify a bullish move when price breaks through the resistance.
Ethusd aims to complete a retracement to the 1770 level once beyond 1762.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel forming, the price expects a move for the certainty of breakout.
An ascending channel is believed to be a specific bearish price action formation that has an upward slope that can be used to signal a move down once price breaks through the support.
Btcusd targets a move to the 62600 zone while lower than 62750.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel is found, the price requires a more active bearish move as an information of a breakdown.
An ascending channel depicts a technical bearish price indicator that can be used to identify a bearish price action when price breaks down.
There is a chance of a bearish continuation to the 1750 zone as the cryptocurrency becomes offered.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel forms.
An ascending channel represents a useful signal that typically predicts a temporary interruption during a rising market once price breaks out to the the downside.
Btcusd risks extra downside towards 62500 on a downside break.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see the price develops an ascending channel, the price asks for a further move for the certainty of breakout.
An ascending channel often signals a trend change to the downside in case if price breaks through the support.
Ethusd to extend the correction lower to the 1760 level on a breach of 1770 as ethusd becomes offered.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
The price composes an ascending triangle.
An ascending triangle provides a useful price action indicator that can be used to predict a move up if price breaks out.
Btcusd pushes higher to the 63500 zone as minor hurdle remains at 62900.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel is close to being finished, the price calls for a more bigger move for the certainty of breakout.
Once price breaks out, the resulting move could identify prices are likely to keep falling downward.
Ethusd to move back towards the 1740 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see an ascending channel is exposed, the price wants a bearish continuation for the certainty of breakout.
An ascending channel depicts an indicator that can be used to indicate an extension in the downward direction if price breakdown occurs.
Btcusd does not rule out a move towards 62000 on a breakdown of the ascending channel as indicators turn bearish.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge diagnosed, ethusd wants a more steady move as an information of a breakdown.
A rising wedge is believed to be a specific bearish price action pattern with an upward bias that typically predicts a move down if price breaks out to the the downside.
Ethusd looks for a setback to the 1740 zone on a breach of 1750.
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