Open:
High:
Low:
Close:
ASCENDING CHANNEL
USD/JPY
1H
Usdjpy establishes an ascending channel and usdjpy demands an active move as evidence of a breakdown.
When price breaks through the support, the resulting move could predict reversals in uptrends.
Usdjpy embarks on a bearish correction towards 160.5.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
The price sets up a descending triangle and the price lacks a further steady move to confirm a breakout.
When price breaks above resistance, the move could predict a bullish price move.
It is likely that a bullish continuation to 63000 will take place.
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel is close to being complete.
A descending channel tends to be a useful pattern that can be used to spot a move up if price breaks out to the the upside.
A rangebound to the 1.148 zone looks likely on a breach of 1.1465.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
As we can see the price gives a descending triangle, the price demands a bearish impulse to confirm descending triangle breakdown.
A descending triangle tends to be a compelling bearish formation that is used to signal a further move down once price breaks out to the the downside.
There is a chance of a bearish continuation to 62000 on a breakdown of the descending triangle.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is close to being done and the price lacks a next bullish impulse as an information of a breakout.
A descending channel suggests a pattern that indicates that the price to go up if price breaks through the resistance.
Btcusd advances higher to 64000 amid rising bets for the move.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel takes place and the price asks for a next bigger move as a signal of a breakout.
When price breaks out to the the upside, the resulting move could signal a further move up.
It is possible that a bullish push up towards 1720 will happen.
RECTANGLE
Gold
XAU/USD
4H
A rectangle is almost completed.
If price breaks out to the the downside, the move could identify that the price to go down.
There is a possibility of a bearish run to the 4150 level.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
There is a descending channel turning up and the price is breaking out.
A descending channel suggests a specific bullish chart signal that is used to predict a countertrend succeeding the current trend when price breaks through the resistance.
Crude-oil could attempt a move to the 80 mark as the commodity loses bearish momentum.
FALLING WEDGE
Crude Oil
USOIL
1H
There is a falling wedge uncovered.
A falling wedge can be thought of as a compelling chart indicator that results in that the price to go long in case if price breaks through the resistance.
A rangebound to 75 looks likely on a breach of 74.5.
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.