Open:
High:
Low:
Close:
RISING WEDGE
Gold
XAU/USD
4H
There is a rising wedge noticed, the price is about to break out.
Once price breaks down, the resulting move could predict a change in price direction.
Extra downside towards 4300 looks possible on a breakout of the rising wedge.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that a rectangle emerges and the price is about to break out soon.
A rectangle is said to depict a technical bullish indicator that typically predicts extending an uptrend if price breaks out to the the upside.
It is likely that a bullish continuation to 1930 will form.
RECTANGLE
USD/JPY
4H
There is a rectangle coming out.
A rectangle often spots a next move up if price breaks through the resistance.
There is a chance of a rangebound towards the 159 level.
ASCENDING CHANNEL
Gold
XAU/USD
1H
As we can see the price builds an ascending channel.
An ascending channel identifies that the price to go down in case if price breaks out.
Gold tests a move towards the 4340 zone.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is almost done and the price demands a further bigger move as an information of a breakout.
An ascending channel identifies a compelling bearish indicator that typically results in a temporary interruption during a rising market once price breaks out.
It is possible that a bearish move towards 64800 will happen amid btcusd recedes from recent highs.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel arises and the price is ready to break out.
An ascending channel can be thought of as a useful price action pattern that is angled up that is used to identify that the price to go down if price breaks below support.
It is likely that a rangebound towards the 1910 zone will happen.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel materializing and the price is close to breaking out soon.
When price breaks through the resistance, the resulting move could indicate a temporary interruption of an existing trend.
Ethusd hints a change to the upside towards 1924 as ethusd looks bid.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like a descending channel is very close to being completed, the price demands a more bigger move as evidence of a breakout.
A descending channel identifies a specific price pattern that typically signals the bears have run out of steam in case if price breaks through the resistance.
There is a probability of a rangebound to 65000.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel appears.
An ascending channel typically identifies a next move down if price breaks through the support.
It is not ruled out that a move to the 64500 mark will be made while below 64800 as bears look for entries.
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