Open:
High:
Low:
Close:
ASCENDING CHANNEL
Cardano
ADA/USD
1H
There is an ascending channel identified.
An ascending channel suggests a bearish price formation that spots that the price to go short if price breaks below support.
It is possible that a bearish price action towards 0.42 will take place.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is close to being finished, btcusd requests a strong impulse down for clear breakdown confirmation.
An ascending channel provides a signal that indicates a break in the price direction in case if price breakdown occurs.
It is not ruled out that a rangebound towards 89000 will be made as bears look for entries.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like ethusd creates an ascending channel.
An ascending channel is said to depict a technical bearish price action signal that can be used to predict a move down if price breakdown occurs.
There is a possibility of a bearish continuation towards the 3300 zone on a breach of 3320 as gains remain capped.
RECTANGLE
Bitcoin Cash
BCH/USD
4H
It seems like the price sets up a rectangle.
A rectangle can be thought of as a reliable price action formation that is used to identify a move down in case if price breaks out.
Decline to the 550 zone is not ruled out as bchusd becomes offered.
RECTANGLE
Ripple
XRP/USD
4H
There is a rectangle emerging, the price is ready to break out now.
A rectangle can be thought of as a specific price action signal that identifies that the price to go short in case if price collapses through the support line.
Xrpusd challenges a move to 2 on a breakout of the rectangle as the cryptocurrency becomes depressed.
PENNANT
Ripple
XRP/USD
1D
A pennant is close to completion and xrpusd expects a steady bearish impulse as a verification of a breakout.
A pennant often indicates a bearish move in case if price breakdown occurs.
Xrpusd to head towards 1.8.
ASCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see the price completes an ascending channel.
An ascending channel spots the bulls have run out of steam once price breaks out to the the downside.
Ltcusd still risks a move towards 82 as extra rangebound not ruled out.
RISING WEDGE
Cardano
ADA/USD
4H
There is a rising wedge emerging and adausd wants a bigger correction as a verification of a breakdown.
A rising wedge often predicts a further move down if price breakdown occurs.
Adausd risks further decline to the 0.42 zone as outlook for adausd stays negative.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
A descending channel develops and the price requests a next active move for the certainty of breakout.
If price breaks out, the resulting move could identify a break during a downtrending market.
A further rangebound towards the 580 zone is probable.
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