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ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price shapes an ascending triangle and the price asks for more bigger push down as proof of a breakout.
An ascending triangle is said to depict a compelling bearish price indicator that can be used to spot extending an downtrend in case if price breaks out.
A move to 2240 is probable on a breach of 2244.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle uncovered, the price is breaking out.
An ascending triangle is a compelling signal that often spots a sharp decline in case if price collapses through the support line.
A bearish run to 75800 is on the way amid rising bets for the move.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like a descending channel is close to being finished and btcusd asks for a next strong impulse up as evidence of a breakout.
A descending channel spots a temporary interruption during a falling market in case if price breaks through the resistance.
A bullish price action to 76500 stays on the cards.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
Ethusd sets up a descending triangle, the price is breaking out.
In case if price breaks out, the move could indicate that the price will rally further.
A bullish move towards the 2250 zone looks possible.
FALLING WEDGE
GBP/USD
1H
It seems like a falling wedge develops.
If price breaks out, the resulting move could identify a break in the price direction.
There is a chance of a rangebound towards 1.338.
BULLISH FLAG
Gold
XAU/USD
1H
A bullish flag is close to being done, gold expects a strong move as an indication of a breakout.
A bullish flag identifies a bullish formation that is used to indicate a countertrend succeeding the current trend once price breaks out to the the upside.
Gold to jump towards 4080 as risk reversal sheds bearish bias.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel is close to being done and the price is going to break out.
A descending channel results in a move up when price breaks out to the the upside.
Usdjpy looks ready to further extend its gains towards 158.6 as downside pressure seen easing.
DESCENDING CHANNEL
USD/JPY
1H
We can see that a descending channel has been spotted.
A descending channel identifies a technical bullish pattern with a downward bias that often predicts that prices move counter to the prevailing price trend if price breaks out.
A bullish run towards the 158.6 zone is going to happen amid usdjpy reclaims part of the ground lost.
BEARISH FLAG
Crude Oil
USOIL
1H
The price builds a bearish flag.
A bearish flag identifies a pattern with an upward bias that typically results in a bearish move once price collapses through the support line.
There is a possibility of a further move to 89 on impulse below 90.2 as the commodity probes 90.2 hurdle.
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