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ASCENDING TRIANGLE
EUR/USD
1H
We can see that an ascending triangle has been recognized, eurusd requests a bigger move as proof of a breakout.
In case if price breaks out, the move could identify a sharp rise.
A bullish continuation to the 1.192 level about to be made.
BULLISH FLAG
Crude Oil
USOIL
1H
There is a bullish flag found and crude-oil wants a bit more consolidation for the certainty of breakout.
A bullish flag often signals a break during a downtrending market once price breaks out.
A further bullish price action to 61.2 is not ruled out on impulse above 61.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag exposed and the price is going to break out.
A bearish flag is said to depict a specific indicator that spots a bearish move in case if price breaks below support.
Btcusd to slump to the 87500 mark on a breach of 88000 as bears looking for downside correction.
SYMMETRICAL TRIANGLE
GBP/USD
1H
Gbpusd shows a symmetrical triangle, the price lacks a more steady bullish impulse for the certainty of breakout.
When price breaks above resistance, the move could predict a bullish price move.
Gbpusd does not rule out a move towards 1.37 on a breach of 1.3695.
BEARISH FLAG
USD/JPY
1H
As we can see a bearish flag is observed and the price is about to break out.
If price breaks through the support, the move could signal an extension in the downward direction.
Usdjpy violates bullish trendline towards 153.8.
PENNANT
USD/JPY
1H
There is a pennant appearing.
Once price breaks through the resistance, the move could indicate that prices are likely to keep rallying upward.
There is a chance of a bullish run to 155 while above 154.6 as uptrend may continue.
RISING WEDGE
Ethereum
ETH/USD
1H
It seems like ethusd creates a rising wedge, the price is ready to break out.
A rising wedge can be thought of as a compelling price signal that is used to identify a bearish move once price breakdown occurs.
A move towards 2900 is on the way on a breakout of the rising wedge.
RISING WEDGE
EUR/USD
1H
There is a rising wedge found, the price is close to breaking out.
A rising wedge tends to be a compelling signal that can be used to indicate extending an downtrend when price breaks down.
There is a chance of a bearish push down to 1.186 on a breakout of the rising wedge.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel diagnosed.
An ascending channel suggests a technical bearish price action pattern that spots a change in the prevailing trend if price breaks out.
There is a chance of a bearish price action towards the 1.366 mark.
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