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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.
DESCENDING CHANNEL
Gold
XAU/USD
1D
Gold establishes a descending channel.
A descending channel signals that prices are likely to keep rallying upward in case if price breaks above resistance.
Gold challenges a move towards 4400 as indicators favor bulls.
DESCENDING CHANNEL
GBP/USD
1D
A descending channel is almost finished.
A descending channel results in a bullish price action once price breaks through the resistance.
Gbpusd to push up towards the 1.34 mark amid rising bets for the move.
ASCENDING TRIANGLE
GBP/USD
1H
As we can see the price establishes an ascending triangle, the price is ready to break out.
An ascending triangle signals a further move down if price breaks out.
It is possible that a bearish move towards 1.334 will be made as the mood may get worse.
RISING WEDGE
EUR/USD
1H
As we can see a rising wedge is noticed, the price demands a next bigger move for the certainty of breakdown.
If price breaks out, the resulting move could signal that the price to go short.
It is possible that a bearish move towards 1.142 will take place on a breakout of the rising wedge as eurusd nears 1.1445 hurdle.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant happening, the price demands more strong rise as a sign of a breakout.
A pennant identifies a useful price action pattern that can be used to spot that the price to go up once price breaks out.
There is a possibility of a bullish move to the 62000 zone on a break above 61800.
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