There is an ascending channel discovered.
When price breaks out to the the downside, the move could indicate a next move down.
It is possible that a bearish run to 1.059 will happen on a breakout of the ascending channel.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
May 30
There is an ascending triangle materializing, the price breaks out now.
Once price breaks through the support, the move could spot the more likely potential of falling prices.
It is not ruled out that a bearish price action towards 72 will occur as the commodity nears 72.5 hurdle.
Bitcoin: Bearish Flag
BTC/USD,
1 hour
SHORT
Apr 17
BTC/USD completes a bearish flag and the price calls for a further bearish move to confirm bearish flag breakout.
A bearish flag identifies a price action pattern that typically results in that the price to go short once price collapses through the support line.
A bearish run towards 30100 looks possible.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Mar 22
There is an ascending channel arising.
An ascending channel often results in a bearish price action once price breaks down.
GBP/USD challenges a move to 1.26 on a breakout of the ascending channel.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
LONG
Nov 9
There is an ascending triangle uncovered and ETH/USD requests a next move as a signal of a breakout.
An ascending triangle typically spots an extension in the upward direction when price breaks above resistance.
There is a chance of a bullish price action towards 1905 while above 1902 as ETH/USD is at a brink of a bullish breakout.
Gold: Ascending Triangle
XAU/USD,
1 hour
SHORT
Jan 5
An ascending triangle has been distinguished.
An ascending triangle denotes a pattern that typically signals a next move down if price breaks down.
Decline towards the 2050 zone is not ruled out on a breakout of the ascending triangle.
Bitcoin: Bearish Flag
BTC/USD,
1 hour
SHORT
Sep 24
It looks like a bearish flag has been determined.
A bearish flag spots a temporary interruption during a rising market once price breaks down.
It is possible that a bearish move towards the 26560 mark will happen on a breakout of the bearish flag as BTC/USD nears 26560 hurdle.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Jan 26
An ascending channel has been determined, the price wants a more steady bearish continuation as a sign of a breakdown.
If price breaks down, the resulting move could indicate a further move down.
It is likely that corrective downside to the 104400 mark will happen.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Dec 18
A rising wedge is detected, the price breaks out now.
A rising wedge denotes a useful signal that is used to signal a bearish move in case if price collapses through the support line.
A bearish continuation towards the 1.268 mark looks possible as door open for the continuation of the downtrend.
Gold: Descending Channel
XAU/USD,
1 hour
LONG
Feb 28
EUR/USD: Ascending Triangle
EUR/USD,
4 hours
LONG
Nov 14
As we can see an ascending triangle turns up, EUR/USD requests a bigger move for the certainty of breakout.
An ascending triangle is believed to be a specific bullish price indicator that identifies that the price to go long once price breaks through the resistance.
There is a probability of a rangebound towards the 1.072 zone as EUR/USD is at a brink of a bullish breakout.
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
Jul 30
A pennant is close to being done and the price is about to break out.
A pennant is believed to be a technical bearish price formation that typically predicts the bulls have run out of steam once price breaks out to the the downside.
Extra downside to the 29300 level is going to happen as upside pressure seen easing.
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