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Bitcoin: Rising Wedge

BTC/USD, 4 hours    SHORT May 10
There is a rising wedge occuring, the price is close to breaking out now. A rising wedge tends to be a signal that indicates price heading to a new direction if price breaks below support. It is not ruled out that a bearish push down to 56000 will take place as BTC/USD is at a brink of a bearish breakout.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT May 12
As we can see an ascending channel is discovered and the price is breaking out. Once price breaks out to the the downside, the resulting move could identify a bearish price move. BTC/USD embarks on a bearish correction towards 55000 on a breach of 55500.

Bitcoin: Rising Wedge

BTC/USD, 1 hour    SHORT May 12
BTC/USD forms a rising wedge. A rising wedge describes a specific chart indicator that is used to signal that the price to go short in case if price breakdown occurs. BTC/USD to resume its downfall towards the 56000 zone.

Crude Oil: Descending Triangle

USOIL, 1 hour    LONG Jun 15
A descending triangle has been exposed and USOIL expects a next bullish impulse to confirm descending triangle breakout. A descending triangle suggests a pattern that often indicates the bears have run out of steam when price breaks out to the the upside. It is not ruled out that a move towards 71.4 will form as the commodity probes 71.2 hurdle.

GBP/USD: Rising Wedge

GBP/USD, 1 day    SHORT May 27
There is a rising wedge forming, the price breaks out soon. A rising wedge results in a further move down if price breaks out to the the downside. GBP/USD points to the downside towards the 1.39 mark on a breakout of the rising wedge.

Ethereum: Ascending Triangle

ETH/USD, 1 hour    LONG May 1
As we can see an ascending triangle comes out. In case if price breaks out to the the upside, the resulting move could signal that the price will rally further. ETH/USD to surge considerably towards 2820.

EUR/USD: Descending Channel

EUR/USD, 1 hour    LONG May 5
There is a descending channel emerging and the price breaks out. A descending channel suggests a compelling bullish chart signal that is used to predict a next move up if price breaks through the resistance. A further move towards 1.203 stays on the cards on a breakout of the descending channel as the currency pair loses bearish momentum.

Crude Oil: Descending Triangle

USOIL, 1 hour    SHORT Jun 10
There is a descending triangle forming, USOIL requests fall as an information of a breakout. When price breaks out, the move could indicate the bulls have run out of steam. A bearish run towards the 69.2 mark is on the cards.

Bitcoin: Descending Triangle

BTC/USD, 1 hour    LONG Apr 25
A descending triangle has been exposed. A descending triangle depicts a specific pattern that results in that prices are likely to keep rallying upward when price breaks through the resistance. BTC/USD challenges a move to 50500 as bulls look for entries.

GBP/USD: Pennant

GBP/USD, 1 hour    SHORT Apr 29
It seems like GBP/USD shows a pennant. A pennant tends to be a technical indicator that is used to identify that the price to go short if price breaks down. GBP/USD pulls away from recent highs towards 1.39.

USD/JPY: Descending Channel

USD/JPY, 1 hour    LONG May 12
There is a descending channel forming and the price asks for a further active bullish continuation as a clue of a breakout. A descending channel describes a bullish chart pattern that predicts a move up in case if price breaks out. A bullish push up to 108.9 is going to happen.

USD/JPY: Descending Channel

USD/JPY, 1 hour    LONG May 12
It looks like a descending channel is very close to being completed and USD/JPY wants a move as an information of a breakout. A descending channel predicts price reversal after a pause in case if price breaks out. It is not ruled out that a bullish continuation towards 109 will be made while above 108.85.
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