Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Crude Oil
USOIL
1H
There is an ascending triangle encountered and the price requires a bigger move for the certainty of breakout.
An ascending triangle is a useful bullish indicator that often spots a bullish move in case if price breaks out.
Crude-oil advances higher towards the 91 zone once above 90.2.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel is exposed.
In case if price breaks out, the move could identify a temporary interruption during a falling market.
Btcusd to resume its rise to the 62500 mark on a breakout of the descending channel.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge has been noticed, the price is ready to break out now.
A falling wedge is a technical price indicator that can be used to signal a bullish move if price breaks out to the the upside.
Eurusd turns higher to the 1.157 zone.
SYMMETRICAL TRIANGLE
GBP/USD
1H
It seems like a symmetrical triangle has been observed.
A symmetrical triangle indicates a bullish move once price breaks above resistance.
Gbpusd to continue the appreciation trend towards 1.341.
RISING WEDGE
USD/JPY
1H
It seems like the price forms a rising wedge, the price demands a next strong bearish continuation as evidence of a breakout.
A rising wedge describes a technical chart indicator that is used to identify a break in the price direction in case if price breaks below support.
Decline to the 160.3 mark is a possibility once below 160.4 as sell-off may continue.
BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag distinguished and the price is breaking out.
A bullish flag results in a potential reversal in price action once price breaks out to the the upside.
It is not ruled out that a rangebound towards the 1660 zone will happen once above 1640.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant spotted, the price requires a bigger correction as a clue of a breakout.
When price breakdown occurs, the resulting move could spot the bulls have run out of steam.
Btcusd risks extra downside towards 61000 as upside pressure seen easing.
ASCENDING TRIANGLE
EUR/USD
1H
An ascending triangle is encountered.
In case if price breakdown occurs, the resulting move could identify the more likely potential of falling prices.
Eurusd to drop towards the 1.153 level on a breach of 1.1538 as eurusd failes to keep gains.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
As we can see a descending channel is nearing completion and the price is close to breaking out soon.
When price breaks out to the the upside, the resulting move could predict a bullish move.
Crude-oil pushes higher to 89 once above 88.4 as the commodity becomes bullish.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.