Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
We can see that btcusd gives a rectangle, btcusd expects more push up as a verification of a breakout.
A rectangle depicts a bullish price pattern that can be used to identify a bullish price action in case if price breaks above resistance.
Btcusd to recover bullish potential towards the 68500 level once above 68000.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
A rising wedge has been noticed and bchusd requests a more strong bearish action as a sign of a breakdown.
When price collapses through the support line, the resulting move could identify that the price to go short.
Bchusd to resume its downfall to 465 on a breakout of the rising wedge.
RECTANGLE
Litecoin
LTC/USD
1H
As we can see a rectangle turns up and the price breaks out now.
A rectangle provides a bullish price action signal that indicates the more likely potential of rising prices if price breaks above resistance.
Ltcusd to enjoy a considerable gain towards 54.2 as ltcusd sticks to the positive mood.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel appearing, the price breaks out.
Once price breaks out, the move could identify a further move up.
A bullish move towards the 68000 zone is a possibility while above 67600.
RECTANGLE
Ethereum
ETH/USD
4H
There is a rectangle happening and the price asks for a further active move as an indication of a breakout.
When price breaks out to the the upside, the resulting move could indicate a next move up.
Ethusd to head to the 2100 zone.
FALLING WEDGE
Ripple
XRP/USD
4H
There is a falling wedge observed.
A falling wedge represents a compelling pattern that is angled down that is used to spot a bullish move if price breaks out.
It is possible that a bullish push up towards 1.36 will happen on a breach of 1.345 as the cryptocurrency challenges 1.345 hurdle.
FALLING WEDGE
Litecoin
LTC/USD
4H
As we can see the price composes a falling wedge, the price is about to break out soon.
A falling wedge is believed to be a formation that results in a bullish price action once price breaks through the resistance.
There is a possibility of a bullish continuation to 54.5.
BULLISH FLAG
Ethereum
ETH/USD
1H
We can see that a bullish flag has been detected, the price breaks out soon.
In case if price breaks out to the the upside, the resulting move could indicate that the price to go up.
A bullish push up towards 2100 looks likely once above 2075.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel appears.
A descending channel results in a bearish-to-bullish trend reversal once price breaks through the resistance.
A further bullish push up to 1.34 is about to happen.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.