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ASCENDING CHANNEL
USD/JPY
1H
An ascending channel pops up, the price is breaking out.
An ascending channel identifies that the price to go short once price breaks down.
A further bearish push down towards 157.4 is going to happen on a breakdown of the ascending channel as usdjpy becomes under pressure.
RECTANGLE
Gold
XAU/USD
1H
It seems like gold gives a rectangle, the price is ready to break out.
A rectangle can be thought of as a technical bullish price indicator that is used to signal that prices are likely to keep rallying upward if price breaks above resistance.
It is not ruled out that a bullish run towards 4600 will take place on a breach of 4595.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel noticed and the price breaks out.
A descending channel often results in an interruption of a downtrend when price breaks out to the the upside.
Eurusd to enjoy a considerable gain to 1.172 on a breakout of the descending channel as bulls lurking in demand zone.
RISING WEDGE
USD/JPY
1H
There is a rising wedge noticed, the price wants a steady move as a clue of a breakout.
A rising wedge denotes a reliable bearish chart signal that results in the more likely potential of falling prices if price breakdown occurs.
A bearish price action towards the 157.6 mark is on the cards.
DESCENDING TRIANGLE
Gold
XAU/USD
4H
It looks like a descending triangle is close to being done, the price demands a steady move for the certainty of breakout.
A descending triangle results in that the price to go up if price breaks out.
It is not ruled out that a bullish push up towards 4650 will be made.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
Crude-oil shows a descending triangle and crude-oil requests a more steady move as an indication of a breakdown.
A descending triangle is said to depict a specific bearish chart signal that typically signals prices are likely to keep falling downward when price breaks below support.
Crude-oil pulls back towards 98 on a break below 100.5.
PENNANT
Crude Oil
USOIL
4H
Crude-oil creates a pennant, crude-oil calls for a further steady bearish move for the certainty of breakout.
When price breaks out, the move could indicate an extension in the downward direction.
Crude-oil points to the downside towards 95 as the commodity looks offered.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge occuring.
A rising wedge spots a next move down when price collapses through the support line.
A further rangebound towards 81000 is probable on a downside break.
RISING WEDGE
Ethereum
ETH/USD
4H
We can see that ethusd creates a rising wedge and the price requests a move as a signal of a breakout.
A rising wedge is considered to be a technical bearish price pattern that is used to signal an extension in the downward direction in case if price breakdown occurs.
Ethusd hints a change to the downside towards 2300.
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