Open:
High:
Low:
Close:
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle is close to being completed, the price expects a further bigger move as an indication of a breakout.
A rectangle is believed to be a price action signal that typically identifies extending an uptrend if price breaks out.
Ethusd embarks on a bullish correction towards 3140 on a break above 3130.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel noticed.
If price breaks through the resistance, the move could predict a temporary interruption of an existing trend.
There is a probability of a bullish run to the 90000 level on a breakout of the descending channel.
ASCENDING CHANNEL
GBP/USD
4H
An ascending channel is observed, the price breaks out.
An ascending channel identifies a useful price indicator that indicates a move down when price breakdown occurs.
A bearish push down towards 1.334 is going to happen as the mood may get worse.
PENNANT
USD/JPY
4H
A pennant develops, the price calls for pullback as an information of a breakdown.
If price collapses through the support line, the move could indicate extending an downtrend.
There is a possibility of a bearish run towards 155.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is observed.
A descending channel typically signals a further move up if price breaks through the resistance.
It is likely that a bullish continuation towards 89500 will happen as outlook for the cryptocurrency stays positive.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see a falling wedge is almost completed, ethusd expects an active move as an indication of a breakout.
When price breaks out, the resulting move could signal a break in the price direction.
There is a possibility of a rangebound towards the 3120 zone on a upside break.
PENNANT
EUR/USD
1H
A pennant is close to completion.
A pennant represents an indicator that typically predicts that the price to go down if price collapses through the support line.
Decline towards the 1.173 zone is probable on a breakdown of the pennant as extra rangebound not ruled out.
RISING WEDGE
USD/JPY
1H
There is a rising wedge revealed.
A rising wedge predicts a potential reversal in price action when price breakdown occurs.
Corrective downside towards 155.6 is on the cards on a breakout of the rising wedge.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle diagnosed, the price is ready to break out.
A descending triangle indicates the more likely potential of falling prices in case if price breaks through the support.
A bearish run towards 89800 is going to happen.
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