Open:
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Crude Oil: Rectangle
USOIL,
1 hour
SHORT
Feb 23
A rectangle comes out, the price breaks out soon.
A rectangle is considered to be a technical formation that typically identifies a bearish move in case if price breaks below support.
Decline towards 77.6 is about to happen on a break below 77.7 amid USOIL recedes from recent highs.
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Feb 23
It looks like a bearish flag has been diagnosed.
When price breaks down, the resulting move could indicate a bearish price move.
USOIL opens door for a move to the 78 zone.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
2 days ago
There is an ascending channel emerging.
An ascending channel identifies a technical price action indicator that can be used to identify that the price to go down once price breaks out to the the downside.
ETH/USD risks potential downside to the 3400 mark.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 20
A descending channel arises, ETH/USD calls for a next move for clear breakout confirmation.
A descending channel is said to depict a compelling bullish price action indicator that often signals a breakout higher once price breaks out to the the upside.
It is not ruled out that a bullish push up to 3140 will take place on a upside break.
USD/JPY: Rising Wedge
USD/JPY,
1 day
SHORT
Jul 6
There is a rising wedge poping up, the price requests next fall as proof of a breakdown.
When price collapses through the support line, the resulting move could indicate a bearish move.
A move towards 160 is not ruled out while lower than 161.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
Feb 23
There is an ascending triangle identified and the price asks for a next move as a clue of a breakdown.
Once price breaks below support, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 78 is about to happen.
USD/JPY: Symmetrical Triangle
USD/JPY,
4 hours
SHORT
4 days ago
As we can see a symmetrical triangle comes out, the price is ready to break out.
A symmetrical triangle typically results in an extension in the downward direction in case if price breaks below support.
USD/JPY does not rule out a move towards the 156.5 zone.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 29
Ethereum: Rising Wedge
ETH/USD,
4 hours
SHORT
4 days ago
A rising wedge is diagnosed.
If price breaks below support, the move could signal a bearish price action.
ETH/USD set to accelerate its decline towards 3400.
Gold: Ascending Triangle
XAU/USD,
1 hour
LONG
Feb 29
EUR/USD: Bearish Rectangle
EUR/USD,
1 hour
SHORT
Mar 28
There is a bearish rectangle spotted and the price requires a more active correction as a verification of a breakdown.
A bearish rectangle is believed to be a useful bearish pattern that typically indicates that the price to go down once price breaks out.
EUR/USD could attempt a move towards 1.0805 as outlook for the currency pair stays negative.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Oct 15
There is a pennant identified and the price wants a more move as an indication of a breakout.
A pennant can be thought of as a specific pattern that typically results in a bullish price move when price breaks out.
BTC/USD to have better chances of advancing towards the 26900 zone as BTC/USD becomes bid.