Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel emerging, the price requests further rise as a signal of a breakout.
A descending channel often identifies a further move up when price breaks out.
There is a possibility of a move towards the 2500 level.
DESCENDING CHANNEL
EUR/USD
4H
As we can see a descending channel emerges, the price is ready to break out.
A descending channel is a signal that is used to spot the more likely potential of rising prices in case if price breaks above resistance.
Eurusd now looks towards 1.164 on impulse above 1.1635.
RECTANGLE
Ethereum
ETH/USD
1H
It looks like a rectangle happens.
A rectangle can be thought of as a specific bearish price indicator that is used to indicate a next move down when price breakdown occurs.
There is a probability of a further bearish push down to the 2460 mark.
FALLING WEDGE
Gold
XAU/USD
1H
As we can see a falling wedge is spotted, the price calls for a further bigger move as evidence of a breakout.
A falling wedge tends to be a reliable price action formation that has a downward slope that is used to predict a change in the prevailing trend once price breaks out.
Gold to have better chances of advancing to the 4420 mark.
PENNANT
GBP/USD
1H
As we can see a pennant is diagnosed and the price calls for a more bigger move for the certainty of breakout.
A pennant denotes a useful bullish formation that predicts a sharp rise if price breaks above resistance.
It is possible that a further bullish continuation to 1.355 will occur.
SYMMETRICAL TRIANGLE
EUR/USD
1H
A symmetrical triangle has been exposed, the price is ready to break out.
A symmetrical triangle results in the bears have run out of steam when price breaks out to the the upside.
Eurusd is bullish and en route to the 1.163 mark as indicators favor bulls.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to being finished, the price is breaking out.
If price breaks out, the resulting move could signal a sharp decline.
Btcusd accelerates losses to the 79400 level as btcusd becomes weak.
DESCENDING TRIANGLE
USD/JPY
1H
As we can see a descending triangle is close to completion, the price asks for a next move to confirm descending triangle breakout.
A descending triangle typically predicts extending an downtrend when price breakdown occurs.
Usdjpy could extend its slump to the 155.6 mark amid rising bets for the move.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel observed.
An ascending channel identifies an extension in the downward direction in case if price breaks through the support.
Extra downside towards 2480 looks likely.
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