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BEARISH FLAG
Bitcoin
BTC/USD
4H
The price creates a bearish flag, the price calls for a steady correction as an indication of a breakout.
A bearish flag is considered to be a useful bearish chart pattern that often results in reversals in uptrends in case if price collapses through the support line.
Btcusd to fall to 68000 on a breach of 68600.
FALLING WEDGE
GBP/USD
1H
We can see that a falling wedge has been recognized and the price calls for a further steady impulse up as an information of a breakout.
If price breaks out, the resulting move could signal a downward trend is about to reverse into an upnward trend.
Gbpusd to peak to 1.336 as bulls looking for upside correction.
PENNANT
USD/JPY
4H
There is a pennant uncovered and the price is going to break out soon.
A pennant results in a bullish move once price breaks out to the the upside.
Usdjpy to move up to 160.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is nearing completion and the price is about to break out soon.
An ascending channel can be thought of as a useful bearish price action indicator that identifies that the price to go down when price breaks out to the the downside.
Decline towards 159.2 is not ruled out as the currency pair becomes depressed.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see the price completes a rectangle, the price calls for more active pullback as an indication of a breakout.
A rectangle depicts a bearish price action formation that is used to predict the more likely potential of falling prices in case if price collapses through the support line.
There is a probability of decline towards the 70000 zone.
PENNANT
Gold
XAU/USD
1H
It looks like a pennant is almost completed.
If price breaks out to the the downside, the resulting move could predict a move down.
Gold to extend the correction lower to 4450 once below 4510.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle is close to being done, the price is going to break out.
A descending triangle often predicts a sharp decline when price breaks down.
Ethusd to maintain its negative tone towards 2140 on a breach of 2144.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd sets up an ascending channel and the price requires a further strong move as an indication of a breakout.
An ascending channel is believed to be a specific bearish price pattern that identifies a bearish move if price breaks out.
Btcusd turns bearish towards the 71000 level.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
There is a descending channel identified and crude-oil requests a next strong bullish move as an information of a breakout.
A descending channel is believed to be a price action formation that can be used to predict extending an uptrend once price breaks above resistance.
It is not ruled out that a bullish continuation towards 92 will form on a breach of 92 as bulls lurking in demand zone.
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