Open:
High:
Low:
Close:
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.
BEARISH FLAG
Cardano
ADA/USD
1H
A bearish flag comes out, the price asks for a more strong correction as a clue of a breakout.
A bearish flag often spots prices are likely to keep falling downward when price breaks out.
Adausd to nosedive towards 0.245 as the cryptocurrency becomes capped.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
A descending channel is uncovered and the price demands a bigger impulse up as evidence of a breakout.
If price breaks out to the the upside, the resulting move could spot that the price to go long.
Ltcusd is bullish and en route towards the 53.5 level.
RECTANGLE
Ripple
XRP/USD
1H
It seems like a rectangle has been revealed.
A rectangle results in a bullish move when price breaks above resistance.
Xrpusd to move upward towards the 1.33 mark.
SYMMETRICAL TRIANGLE
Bitcoin Cash
BCH/USD
1H
The price sets up a symmetrical triangle.
If price breaks down, the resulting move could predict the bulls have run out of steam.
Bchusd risks extending drop towards 440.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like an ascending triangle happens.
An ascending triangle depicts a specific bearish price indicator that is used to indicate the bulls have run out of steam in case if price collapses through the support line.
There is a possibility of a bearish price action to 66500.
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