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EUR/USD: Ascending Triangle

EUR/USD, 1 hour    SHORT 6 days ago
There is an ascending triangle spotted, the price asks for a steady move as a clue of a breakout. When price breaks below support, the resulting move could signal the more likely potential of falling prices. There is a chance of extra downside towards 1.211 while below 1.2125 as door open for the continuation of the downtrend.

Bitcoin: Descending Channel

BTC/USD, 1 hour    LONG Jun 13
As we can see a descending channel is close to completion, the price requests a bigger move as proof of a breakout. A descending channel identifies extending an uptrend once price breaks through the resistance. BTC/USD to prolong the growth phase to the 37000 level on a break above 36000 as the wind continues blowing in favor of BTC/USD.

EUR/USD: Descending Triangle

EUR/USD, 4 hours    SHORT 6 days ago
A descending triangle happens, the price is ready to break out. A descending triangle signals an extension in the downward direction if price breaks out. There is a probability of a bearish push down to the 1.206 mark.

USD/JPY: Descending Channel

USD/JPY, 1 hour    LONG Jun 3
As we can see a descending channel is nearing completion, the price expects a bigger move as an information of a breakout. In case if price breaks above resistance, the resulting move could predict that the price to go up. A bullish move to 110 is not ruled out as bulls looking for profit.

Gold: Pennant

XAU/USD, 1 hour    LONG May 3
We can see that a pennant is close to being finished and the price requires a further bullish move for clear breakout confirmation. Once price breaks out to the the upside, the move could identify an extension in the upward direction. There is a probability of a bullish move towards 1772 amid rising bets for the move.

Ethereum: Rising Wedge

ETH/USD, 1 hour    SHORT May 19
There is a rising wedge observed. In case if price breakdown occurs, the resulting move could spot a breakdown is likely to occur. ETH/USD hints a change to the downside to 3200 on a breach of 3300 as bears looking for downside correction.

Ethereum: Ascending Triangle

ETH/USD, 1 hour    LONG May 8
There is an ascending triangle encountered. An ascending triangle typically results in that the price to go up when price breaks out to the the upside. A bullish push up towards the 3650 level looks likely as the wind continues blowing in favor of the cryptocurrency.

GBP/USD: Ascending Triangle

GBP/USD, 4 hours    SHORT Jun 14
There is an ascending triangle happening, the price is breaking out. Once price breaks out, the move could identify a further move down. There is a probability of extra downside towards 1.406 once below 1.409.

Bitcoin: Descending Channel

BTC/USD, 1 hour    SHORT Jun 7
A descending channel has been identified and the price requests active fall as a verification of a breakout. A descending channel denotes a signal that often predicts a further move down when price collapses through the support line. A move towards 35200 looks probable on a breach of 35400.

Ethereum: Falling Wedge

ETH/USD, 1 hour    LONG 16 hours ago
There is a falling wedge turning up. A falling wedge typically identifies a next move up when price breaks through the resistance. ETH/USD to turn bullish to 2100 as bulls looking for profit.

GBP/USD: Ascending Channel

GBP/USD, 1 hour    SHORT May 12
An ascending channel comes out and the price is close to breaking out. Once price breaks below support, the resulting move could identify price reversal after a pause. GBP/USD to turn bearish to the 1.411 mark on a breach of 1.412.

Gold: Descending Channel

XAU/USD, 1 hour    LONG May 25
A descending channel is encountered, XAU/USD requests an impulse up as proof of a breakout. A descending channel typically indicates a bullish price move once price breaks above resistance. XAU/USD to recover bullish potential towards 1888 as XAU/USD challenges 1886 hurdle.
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