Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
USD/JPY
1H
There is a symmetrical triangle distinguished.
A symmetrical triangle typically identifies a bullish price action if price breaks above resistance.
There is a possibility of a rangebound towards 158.4 on a breakout of the symmetrical triangle as usdjpy nears 158.25 hurdle.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like a descending channel is close to being finished, btcusd lacks a more move to confirm a breakout.
A descending channel often identifies a further move up in case if price breaks out.
Btcusd to turn bullish towards the 90000 zone once beyond 89600.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like a descending channel takes place and the price is going to break out.
A descending channel provides a technical bullish chart formation that is used to predict a move up when price breaks out.
It is possible that a bullish continuation to 3000 will happen.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd forms a descending channel, the price is breaking out.
A descending channel identifies a bullish price action when price breaks out.
There is a chance of a move to 90000.
BEARISH FLAG
Ethereum
ETH/USD
1D
It looks like ethusd shapes a bearish flag, ethusd calls for a next bigger move as a sign of a breakout.
Once price breaks through the support, the resulting move could predict that the price to go short.
Ethusd to accomodate to 3100 as the cryptocurrency becomes depressed.
ASCENDING CHANNEL
GBP/USD
1H
We can see that an ascending channel has been spotted, the price wants a further bigger bearish move as a verification of a breakout.
An ascending channel describes a bearish pattern that often indicates a break during an uptrending market once price breaks out to the the downside.
A bearish continuation to the 1.344 mark is probable.
RECTANGLE
Crude Oil
USOIL
1H
There is a rectangle occuring, the price is about to break out soon.
A rectangle can be thought of as a reliable bullish signal that is used to signal a move up once price breaks out.
It is possible that a move to 60 will be made.
RISING WEDGE
GBP/USD
1H
A rising wedge forms and the price requests next bigger pullback as a sign of a breakdown.
A rising wedge depicts a specific bearish indicator that can be used to signal a bearish move if price breaks out to the the downside.
Gbpusd set to plunge towards the 1.344 mark on a breach of 1.344.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel is close to being finished and the price breaks out.
An ascending channel provides a specific formation that often indicates that the price to go short when price breakdown occurs.
It is not ruled out that a bearish continuation towards 157.8 will take place on a breakout of the ascending channel.
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