Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle is almost done, the price is close to breaking out soon.
In case if price breaks through the support, the move could signal the more likely potential of falling prices.
Btcusd does not rule out a move towards the 63500 mark while below 64100 as bears seeking a new low.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1D
A descending channel is almost done, the price is breaking out.
Once price breaks out, the resulting move could identify an interruption of a downtrend.
It is possible that a further bullish price action to 66000 will occur.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
A descending triangle pops up.
A descending triangle denotes a bullish price pattern that often results in a bullish move when price breaks out.
Gold to accomodate to the 4130 zone once beyond 4120 as bulls seeking a new high.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It seems like a bearish flag is revealed.
A bearish flag is said to depict a compelling bearish price action pattern with an upward bias that can be used to spot that the price to go down if price breaks down.
There is a possibility of corrective downside towards 63500.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel appearing, the price is ready to break out.
If price breaks out to the the downside, the resulting move could predict a sharp decline.
Gbpusd to suffer a steeper decline towards 1.338 on a break below 1.34.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
We can see that crude-oil gives a descending triangle.
A descending triangle signals prices are likely to keep falling downward when price breaks out to the the downside.
There is a chance of a bearish run towards 71 on a breach of 71.4.
ASCENDING CHANNEL
Crude Oil
USOIL
4H
An ascending channel is very close to being finished.
An ascending channel represents a useful formation that has an upward slope that is used to indicate a change in price direction when price collapses through the support line.
It is not ruled out that a bearish run to 70 will happen.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel pops up, the price is going to break out soon.
An ascending channel indicates that the price to go down once price breaks below support.
It is not ruled out that a move to the 1.142 zone will occur.
DESCENDING CHANNEL
Crude Oil
USOIL
1H
As we can see a descending channel takes place, the price is ready to break out soon.
In case if price breaks above resistance, the resulting move could signal price heading to a new direction.
It is likely that a bullish continuation to the 72 level will occur as crude-oil probes 72 hurdle.
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