Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant occuring.
A pennant is considered to be a useful price pattern that often signals the bears have run out of steam once price breaks out.
Btcusd to strengthen to 94000.
DESCENDING CHANNEL
USD/JPY
1H
A descending channel pops up, usdjpy requires an impulse up as an indication of a breakout.
A descending channel denotes a technical price action pattern that has a downward slope that typically identifies a further move up when price breaks above resistance.
It is not ruled out that a rangebound to 156.6 will happen on a breach of 156.4.
RISING WEDGE
Gold
XAU/USD
1H
A rising wedge has been revealed and the price is ready to break out.
A rising wedge describes a compelling formation that is angled up that can be used to signal an upward trend is about to reverse into an downward trend if price breaks down.
It is likely that a bearish price action towards 4400 will take place.
DESCENDING CHANNEL
Crude Oil
USOIL
4H
It seems like crude-oil gives a descending channel, the price needs a next bigger bullish move as a signal of a breakout.
Once price breaks through the resistance, the move could spot a move up.
A bullish move to the 59 mark about to be made on a breach of 58.4 as door open for the continuation of the uptrend.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel detected.
An ascending channel represents a useful pattern that can be used to indicate a next move down when price breaks below support.
Btcusd is at risk of resuming its decline towards 93000 as weakness continues.
DESCENDING CHANNEL
EUR/USD
4H
A descending channel is detected and the price demands a bit more consolidation for the certainty of breakout.
A descending channel typically results in a move up in case if price breaks out.
There is a chance of a bullish continuation towards the 1.174 mark on a upside break.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1D
There is an ascending triangle developing.
An ascending triangle suggests a useful price indicator that indicates a bullish move in case if price breaks through the resistance.
A bullish continuation towards the 94000 level looks probable as btcusd becomes bid.
DESCENDING CHANNEL
Crude Oil
USOIL
1D
It looks like a descending channel develops, crude-oil wants a further strong bullish action as an information of a breakout.
A descending channel indicates that the price to go long if price breaks out.
Crude-oil hints a change to the upside to 59 on a breakout of the descending channel.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel encountered and the price requires a strong move as an indication of a breakout.
A descending channel tends to be a specific bullish price action formation that can be used to indicate a move up once price breaks out.
It is likely that a rangebound towards 1.174 will happen on a breach of 1.1725 as downside pressure alleviates.
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