Open:
High:
Low:
Close:
DESCENDING CHANNEL
Cardano
ADA/USD
1H
We can see that the price forms a descending channel, the price demands a move as an information of a breakout.
If price breaks out, the move could signal the bears have run out of steam.
It is likely that a bullish price action to 0.405 will take place.
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.
FALLING WEDGE
Cardano
ADA/USD
1H
As we can see a falling wedge is close to being complete, the price breaks out.
A falling wedge is considered to be a specific pattern with a downward bias that results in price heading to a new direction if price breaks out to the the upside.
A bullish price action towards 0.41 is about to happen on a upside break as adausd nears 0.402 hurdle.
RISING WEDGE
Bitcoin Cash
BCH/USD
1D
It looks like a rising wedge is nearing completion, the price is ready to break out.
A rising wedge is considered to be a compelling bearish pattern that is used to spot price reversal after a pause when price breaks down.
There is a possibility of a bearish price action towards the 500 mark.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel is almost done and ltcusd requires a further steady move as a verification of a breakout.
In case if price breaks through the resistance, the resulting move could signal a bullish price action.
Ltcusd pushes higher towards 80 on a breach of 79.6 as ltcusd sticks to the positive mood.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel developing and the price breaks out.
Once price breaks out, the resulting move could predict a tendency to break in the opposite direction.
Xrpusd does not rule out a move towards the 2 mark as the cryptocurrency challenges 1.988 hurdle.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
There is a rectangle taking place, the price is about to break out.
A rectangle identifies a formation that often identifies a next move down once price breaks through the support.
Bchusd embarks on a bearish correction towards 565.
RECTANGLE
Cardano
ADA/USD
1H
Adausd shapes a rectangle, adausd asks for next steady push down as an indication of a breakdown.
A rectangle identifies a specific bearish indicator that identifies a bearish price move once price breaks out to the the downside.
Adausd to accomodate towards 0.4.
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