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ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is noticed, the price wants a further bullish action as a sign of a breakout.
A descending channel is said to depict a price action pattern with a downward bias that is used to indicate extending an uptrend if price breaks out to the the upside.
A bullish run to 1.136 is on the cards on a breach of 1.134 as the currency pair probes 1.134 hurdle.
DESCENDING CHANNEL
GBP/USD
1H
It looks like a descending channel takes place.
A descending channel often identifies a downward trend is nearing its end when price breaks out.
Gbpusd to turn bullish towards the 1.324 zone as gbpusd looks bid.
ASCENDING CHANNEL
Crude Oil
USOIL
1D
An ascending channel pops up, the price is breaking out.
If price collapses through the support line, the move could predict the bulls have run out of steam.
Crude-oil risks suffer setback to the 85 mark.
ASCENDING CHANNEL
USD/JPY
1H
There is an ascending channel coming out, usdjpy asks for a further steady move as an indication of a breakout.
An ascending channel identifies a specific bearish price formation that is angled up that is used to indicate the bulls have run out of steam when price breaks out to the the downside.
Usdjpy set to fall to the 157 zone as indicators favor bears.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel recognized and the price is ready to break out.
An ascending channel spots a move down in case if price breaks through the support.
Corrective downside to the 2660 level is possible on a breakout of the ascending channel.
RECTANGLE
USD/JPY
4H
There is a rectangle arising, the price requests a further move for the certainty of breakout.
A rectangle denotes a specific formation that indicates an extension in the downward direction in case if price breaks out.
It is likely that a bearish move towards 156.5 will happen on a breach of 156.9 as downtrend may continue.
DESCENDING CHANNEL
GBP/USD
1H
It seems like a descending channel is nearing completion, the price is going to break out soon.
If price breaks out to the the upside, the move could signal a pause in a downtrending market.
There is a probability of a further bullish push up to 1.326.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is almost finished, the price requests a further strong move as evidence of a breakout.
A descending channel represents a bullish price signal that often identifies a change in the prevailing trend if price breaks through the resistance.
There is a chance of a move to 1.136 on a break above 1.1345.
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