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DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price shows a descending channel, the price calls for a bigger move as an information of a breakout.
A descending channel tends to be a reliable price pattern that typically results in the bears have run out of steam when price breaks above resistance.
A bullish run towards 67000 stays on the cards as bulls looking for upside correction.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge coming out, ethusd expects a strong move as a clue of a breakout.
A falling wedge is said to depict a useful price action pattern that has a downward slope that indicates an interruption of a downtrend when price breaks through the resistance.
Ethusd to look for a further push to 1960.
ASCENDING TRIANGLE
EUR/USD
1H
As we can see an ascending triangle has been distinguished and the price is going to break out soon.
An ascending triangle denotes a reliable bearish chart indicator that can be used to predict a sharp decline if price breaks through the support.
Eurusd could attempt a move towards the 1.186 mark.
RECTANGLE
GBP/USD
1H
There is a rectangle arising.
If price breaks through the support, the move could identify extending an downtrend.
Gbpusd does not rule out a move to 1.361 as gbpusd nears 1.361 hurdle.
ASCENDING CHANNEL
Crude Oil
USOIL
1D
There is an ascending channel detected, crude-oil requires a further strong move as a sign of a breakdown.
An ascending channel indicates a bearish price action once price breaks through the support.
There is a chance of a further bearish push down to 62 on a breakout of the ascending channel as minor hurdle remains at 63.
RECTANGLE
Gold
XAU/USD
1H
As we can see a rectangle takes place and the price is going to break out.
A rectangle describes a technical bearish price formation that can be used to identify the bulls have run out of steam when price breaks down.
Gold to accomodate to 5040 on a breach of 5050.
BEARISH FLAG
Ethereum
ETH/USD
1H
It seems like a bearish flag is very close to being finished, the price is ready to break out.
A bearish flag indicates that the price to go down in case if price breaks out to the the downside.
Ethusd hints a change to the downside towards 1940 on a breach of 1945 as extra rangebound not ruled out.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge arising and btcusd demands a bigger move as a verification of a breakout.
A rising wedge indicates a potential reversal in price action if price collapses through the support line.
It is likely that corrective downside to the 67000 zone will form.
DESCENDING CHANNEL
EUR/USD
1H
It looks like a descending channel has been detected and the price is going to break out.
A descending channel indicates that the price to go up if price breaks out to the the upside.
It is possible that a move to 1.19 will form on a breakout of the descending channel.
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