Open:
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Low:
Close:
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle develops.
A descending triangle typically spots a next move up once price breaks out.
There is a possibility of a further move towards 71200 on a breach of 71200.
DESCENDING CHANNEL
Gold
XAU/USD
1H
We can see that a descending channel happens, gold requires a further bullish move for clear breakout confirmation.
A descending channel indicates a bullish price move when price breaks above resistance.
It is possible that a bullish move towards 4800 will take place.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel forms.
In case if price breaks out to the the downside, the move could spot that the price to go down.
Usdjpy to continue lower towards 159.6 on a downside break.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel forms and ethusd lacks a next bigger move as a verification of a breakout.
If price breaks out to the the upside, the resulting move could signal a bullish price action.
Ethusd to surge considerably towards 2200 on a breakout of the descending channel.
RISING WEDGE
Ethereum
ETH/USD
4H
A rising wedge has been discovered.
A rising wedge describes a bearish signal that is used to predict an extension in the downward direction once price breaks out to the the downside.
It is not ruled out that extra downside towards the 2150 mark will be made on a breakout of the rising wedge as ethusd probes 2180 hurdle.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge encountered and the price is about to break out.
When price breaks out to the the upside, the move could identify that prices are likely to keep rallying upward.
Btcusd looks north to 71500.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel determined, the price breaks out.
An ascending channel describes a chart indicator that can be used to spot a move down once price breakdown occurs.
Eurusd challenges a move towards the 1.168 level once below 1.169.
RISING WEDGE
EUR/USD
4H
It looks like a rising wedge is exposed and the price needs a bigger correction as an indication of a breakdown.
A rising wedge is believed to be a price signal that identifies an interruption of an uptrend once price breaks out to the the downside.
Eurusd opens door for a move towards 1.17 on impulse below 1.172 as eurusd failes to keep gains.
FALLING WEDGE
Crude Oil
USOIL
1H
It looks like a falling wedge materializes.
A falling wedge describes a technical bullish pattern that has a downward slope that signals a bullish price move if price breaks through the resistance.
There is a probability of a bullish continuation to the 102 zone on a breakout of the falling wedge.
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