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ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel is close to being done and ltcusd requires a further strong impulse down as proof of a breakout.
An ascending channel denotes a specific signal that predicts a bearish price action when price collapses through the support line.
Ltcusd to extend its slide to 53.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
There is an ascending channel emerging, the price is about to break out soon.
An ascending channel depicts a bearish chart indicator that can be used to indicate that prices move counter to the prevailing price trend in case if price breaks down.
It is not ruled out that a bearish run towards 1.31 will take place on a breach of 1.314 as bears look for entries.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant happening, the price is ready to break out soon.
A pennant depicts a technical chart pattern that typically results in a next move up if price breaks out.
A bullish continuation towards 67200 looks possible on a breakout of the pennant as bulls lurking in demand zone.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle found, the price is about to break out now.
A descending triangle describes a reliable price formation that can be used to identify extending an uptrend if price breaks out to the the upside.
Ethusd does not rule out a move to the 2060 mark on a breakout of the descending triangle as the cryptocurrency nears 2056 hurdle.
ASCENDING CHANNEL
Cardano
ADA/USD
1H
There is an ascending channel happening, adausd requires a bigger correction as a clue of a breakout.
When price breaks out, the move could indicate price heading to a new direction.
Adausd set to accelerate its decline towards the 0.242 zone on a breach of 0.244.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
A descending triangle is very close to being finished and the price is about to break out.
A descending triangle suggests a compelling bullish indicator that can be used to indicate a further move up once price breaks through the resistance.
Bchusd to maintain its positive tone towards 444 on a breach of 443.5 as weakness seen overdone.
BEARISH FLAG
Ethereum
ETH/USD
4H
The price builds a bearish flag, the price breaks out.
A bearish flag describes a technical price action pattern that can be used to spot a breakdown is likely to occur once price breaks through the support.
Ethusd risks further downside to the 2000 level.
BEARISH FLAG
Cardano
ADA/USD
1H
There is a bearish flag revealed and the price lacks steady pullback as an indication of a breakout.
Once price collapses through the support line, the resulting move could signal an upward trend is nearing its end.
It is not ruled out that corrective downside towards 0.244 will occur on a breach of 0.245 as adausd is at a brink of a bearish breakout.
RISING WEDGE
Litecoin
LTC/USD
1H
The price creates a rising wedge.
A rising wedge represents a reliable price pattern that is used to predict an upward trend is nearing its end if price collapses through the support line.
A bearish price action towards 53 is likely.
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