Open:
High:
Low:
Close:
PENNANT
Crude Oil
USOIL
1H
The price composes a pennant and the price is ready to break out.
A pennant represents a reliable chart formation that can be used to indicate the more likely potential of falling prices once price collapses through the support line.
Crude-oil to plummet towards the 94 zone on a breakout of the pennant.
RECTANGLE
Ethereum
ETH/USD
4H
A rectangle is very close to being completed.
A rectangle provides a bullish price action formation that can be used to indicate extending an uptrend in case if price breaks out to the the upside.
A rangebound towards the 2320 level is on the way.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It seems like a descending channel arises, the price is close to breaking out now.
A descending channel is considered to be a reliable chart signal that can be used to predict a countertrend succeeding the current trend if price breaks through the resistance.
A bullish move to 3980 is on the cards as the commodity becomes bullish.
DESCENDING CHANNEL
Gold
XAU/USD
4H
There is a descending channel materializing, the price expects a next active bullish continuation to confirm a breakout.
A descending channel represents a technical chart signal that results in a change in the prevailing trend when price breaks through the resistance.
There is a chance of a bullish run to 4000 on a breakout of the descending channel.
BEARISH FLAG
Bitcoin
BTC/USD
1H
We can see that btcusd completes a bearish flag, the price calls for a further strong move as proof of a breakdown.
In case if price breaks through the support, the move could indicate that the price to go down.
A bearish push down towards 76500 is likely to happen as there is a chance of further weakness.
ASCENDING CHANNEL
USD/JPY
1H
As we can see an ascending channel is almost done and the price is going to break out.
An ascending channel often predicts a next move down in case if price collapses through the support line.
Usdjpy could recede towards the 157.8 zone.
BEARISH RECTANGLE
Bitcoin
BTC/USD
4H
There is a bearish rectangle observed and the price requests bigger pullback for the certainty of breakdown.
A bearish rectangle typically signals prices are likely to keep falling downward if price breaks out to the the downside.
Btcusd now looks towards 76500 on a breach of 76700.
PENNANT
Ethereum
ETH/USD
4H
The price creates a pennant.
A pennant identifies a compelling bearish signal that is used to identify that the price to go down if price breakdown occurs.
Ethusd set to plunge towards 2200.
BULLISH FLAG
USD/JPY
1D
A bullish flag has been encountered and the price is about to break out.
In case if price breaks through the resistance, the resulting move could identify that the price to go up.
A move towards 158.5 is on the way on a upside break.
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