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RISING WEDGE
Bitcoin
BTC/USD
1H
It looks like a rising wedge pops up and the price requires a bigger move as proof of a breakdown.
A rising wedge is said to depict a technical chart indicator that often predicts a move down if price breaks out.
It is possible that a bearish push down towards 91000 will occur as bears seeking a new low.
DESCENDING TRIANGLE
Gold
XAU/USD
1H
We can see that a descending triangle has been discovered.
A descending triangle is considered to be a compelling bullish chart pattern that can be used to signal a move up if price breaks through the resistance.
Gold to move up to 4220 once beyond 4215 as the commodity nears 4215 hurdle.
DESCENDING TRIANGLE
Crude Oil
USOIL
1H
As we can see crude-oil forms a descending triangle and crude-oil calls for a next active impulse down as proof of a breakout.
A descending triangle suggests a reliable pattern that is used to predict prices are likely to keep falling downward once price breaks below support.
Extra downside to the 59.2 mark is on the way on impulse below 59.4 as bears looking for downside correction.
RISING WEDGE
EUR/USD
1H
It looks like a rising wedge materializes, the price lacks pullback as a clue of a breakout.
A rising wedge depicts a reliable bearish price indicator that can be used to predict that the price to go down in case if price breaks out to the the downside.
Eurusd to head towards the 1.164 level as bears seeking a new low.
DESCENDING TRIANGLE
GBP/USD
1H
There is a descending triangle determined, the price needs a bigger correction as an indication of a breakdown.
A descending triangle predicts a move down when price collapses through the support line.
Gbpusd to extend its setback towards 1.331 once below 1.332.
RISING WEDGE
Crude Oil
USOIL
1H
Crude-oil creates a rising wedge and crude-oil calls for a move as an information of a breakout.
A rising wedge tends to be a reliable price pattern that has an upward slope that is used to indicate a bearish move when price collapses through the support line.
Crude-oil to continue lower to 59.5 once below 60.
RISING WEDGE
Crude Oil
USOIL
4H
A rising wedge is very close to being completed, the price is close to breaking out.
A rising wedge is a technical bearish price action formation that can be used to spot a next move down when price breaks out to the the downside.
Crude-oil to extend its setback to 59.5 amid crude-oil recedes from tops.
FALLING WEDGE
Ethereum
ETH/USD
4H
There is a falling wedge detected and the price is breaking out.
In case if price breaks above resistance, the move could predict a countertrend succeeding the current trend.
Ethusd to accomodate to 3200 on a breach of 3140.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel is very close to being completed, the price requires a further bullish impulse as a clue of a breakout.
A descending channel is believed to be a useful price formation with a downward bias that signals a change in price direction when price breaks out.
It is likely that a move to 1.166 will happen as the currency pair is at a brink of a bullish breakout.
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