Open:
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Close:
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle taking place and the price demands a bigger correction as a sign of a breakdown.
A symmetrical triangle depicts a compelling chart formation that is used to spot a bearish price action if price breaks through the support.
Btcusd to extend its setback towards the 60000 mark as the mood may get worse.
FALLING WEDGE
Ethereum
ETH/USD
1H
It seems like a falling wedge has been found, the price expects a further move for the certainty of breakout.
A falling wedge depicts a useful chart formation that has a downward slope that often results in an extension in the upward direction once price breaks out to the the upside.
Ethusd hints a change to the upside to 1600 once beyond 1560 as door open for a test of 1600.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
A symmetrical triangle turns up and the price wants a next bullish action as an information of a breakout.
A symmetrical triangle typically identifies that the price will rally further in case if price breaks above resistance.
Btcusd risks a move towards the 62000 level.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
It seems like a descending channel is very close to being completed, btcusd requires a bigger move as an information of a breakout.
A descending channel identifies a reliable pattern that is angled down that often identifies a temporary interruption of an existing trend if price breaks out to the the upside.
It is possible that a further move towards 62000 will take place on a upside break.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel pops up.
A descending channel results in the more likely potential of rising prices in case if price breaks out to the the upside.
A rangebound towards the 1600 zone is possible on a breach of 1580 amid rising bets for the move.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel develops, the price requires a more impulse up to confirm descending channel breakout.
In case if price breaks out, the move could spot extending an uptrend.
It is possible that a further bullish price action to 62000 will form on impulse above 60800.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel emerges and ethusd demands a move as an information of a breakout.
If price breaks out to the the upside, the move could predict a next move up.
Ethusd risks a move towards 1600 on a breach of 1560.
RISING WEDGE
GBP/USD
1D
There is a rising wedge discovered, the price requests a further move for the certainty of breakout.
A rising wedge is a chart signal that is used to indicate the bulls have run out of steam when price collapses through the support line.
It is possible that a bearish push down to 1.33 will happen on a breakout of the rising wedge as the currency pair challenges 1.338 hurdle.
RECTANGLE
Gold
XAU/USD
1H
There is a rectangle recognized.
A rectangle represents a technical bearish chart signal that is used to predict a move down once price breaks out to the the downside.
Gold set to fall towards 4440 as gold becomes capped.
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