Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge revealed and the price is close to breaking out.
A falling wedge is believed to be a specific signal that can be used to identify a bearish-to-bullish trend reversal when price breaks out to the the upside.
There is a probability of a bullish price action towards 90400 as the cryptocurrency is at a brink of a bullish breakout.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see an ascending triangle emerges.
An ascending triangle provides a reliable chart indicator that is used to signal that the price to go short if price breaks down.
Ethusd to increase bearish potential towards the 3110 zone on a breach of 3114.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
It seems like a symmetrical triangle comes out.
In case if price breakdown occurs, the resulting move could signal a sharp decline.
Ethusd to continue the dereciation trend to 3050 on a break below 3100 as ethusd keeps the bid tone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is nearing completion and the price demands a bigger move as proof of a breakout.
A descending triangle typically spots a further move up if price breaks out.
Btcusd to prolong the growth phase to 90500 as the cryptocurrency challenges 90200 hurdle.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant distinguished and the price is about to break out now.
A pennant identifies a price action pattern that often spots a next move up in case if price breaks through the resistance.
It is likely that a bullish push up to 3150 will take place as door open for the continuation of the uptrend.
PENNANT
Bitcoin
BTC/USD
1H
A pennant develops and btcusd needs a strong move as an indication of a breakdown.
A pennant identifies extending an downtrend once price collapses through the support line.
Btcusd challenges a move to 90000 as the cryptocurrency is at a brink of a bearish breakout.
FALLING WEDGE
GBP/USD
1H
We can see that a falling wedge is almost completed, the price is ready to break out.
When price breaks above resistance, the resulting move could predict that prices are likely to keep rallying upward.
Gbpusd to surge considerably to 1.338 as the currency pair nears 1.337 hurdle.
PENNANT
EUR/USD
1H
There is a pennant developing.
A pennant signals that the price to go long when price breaks above resistance.
Eurusd could attempt a move to 1.176 as downside pressure mitigates.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel turning up.
An ascending channel can be thought of as a useful indicator that results in a further move down in case if price breaks out to the the downside.
A rangebound towards the 4280 level is probable once below 4290.
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