Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel arising.
A descending channel suggests a bearish chart formation that is used to predict a sharp decline when price breaks below support.
A bearish run towards 66200 looks possible.
FALLING WEDGE
Litecoin
LTC/USD
1H
We can see that a falling wedge is close to being done.
When price breaks above resistance, the move could predict that prices are likely to keep rallying upward.
Ltcusd risks a move towards the 54 mark on a breach of 53.8.
RECTANGLE
Ripple
XRP/USD
1H
As we can see a rectangle is distinguished, the price is breaking out.
A rectangle is said to depict a technical pattern that is used to signal an extension in the downward direction in case if price breaks out to the the downside.
A further rangebound to the 1.31 level stays on the cards on a breach of 1.322 as outlook for the cryptocurrency stays negative.
FALLING WEDGE
Ethereum
ETH/USD
1H
We can see that a falling wedge is diagnosed and the price is breaking out.
A falling wedge suggests a chart signal that is used to indicate that the price to go up when price breaks out.
It is not ruled out that a move to the 2000 zone will occur.
FALLING WEDGE
Cardano
ADA/USD
1H
A falling wedge occurs.
A falling wedge identifies a change in the prevailing trend when price breaks out to the the upside.
Adausd is bullish and en route to 0.242 on a breach of 0.241.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a symmetrical triangle emerges, the price is close to breaking out now.
Once price breaks below support, the move could signal the more likely potential of falling prices.
Btcusd to push down to 66400 as the cryptocurrency becomes capped.
RECTANGLE
Litecoin
LTC/USD
1H
There is a rectangle diagnosed, the price is breaking out.
A rectangle results in an extension in the downward direction if price breakdown occurs.
It is likely that corrective downside towards 53.6 will occur on a breakdown of the rectangle.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
An ascending channel is almost finished.
If price breaks out to the the downside, the resulting move could identify a further move down.
Bchusd set to extend its decline to 475 on a break below 478 as bchusd is at a brink of a bearish breakout.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
There is an ascending channel revealed and the price requests a more active move as an indication of a breakdown.
An ascending channel denotes a technical bearish pattern that has an upward slope that signals an interruption of an uptrend once price breakdown occurs.
There is a probability of a move towards the 455 mark as bchusd challenges 458 hurdle.
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