Open:
High:
Low:
Close:
PENNANT
Gold
XAU/USD
1D
There is a pennant distinguished.
Once price breaks down, the resulting move could signal the bulls have run out of steam.
Gold to head to the 5000 zone.
DESCENDING CHANNEL
EUR/USD
1H
As we can see the price composes a descending channel, eurusd requires a further steady move to confirm descending channel breakout.
A descending channel often spots price heading to a new direction once price breaks out to the the upside.
A bullish push up to 1.154 is a possibility as indicators favor bulls.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel is very close to being finished, the price is about to break out.
A descending channel represents a compelling bullish price indicator that is used to predict the more likely potential of rising prices in case if price breaks through the resistance.
A rangebound towards 2150 looks probable.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant forming, the price is close to breaking out now.
A pennant is a useful indicator that typically results in extending an uptrend in case if price breaks above resistance.
Ethusd to turn bullish to 2080 on a breakout of the pennant.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a symmetrical triangle turns up.
Once price breaks above resistance, the resulting move could identify that prices are likely to keep rallying upward.
A bullish move to 71000 is likely to happen.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
Ethusd shapes a symmetrical triangle, the price is ready to break out soon.
A symmetrical triangle depicts a chart indicator that can be used to identify the bears have run out of steam when price breaks out.
Ethusd does not rule out a move to the 2080 level.
BEARISH FLAG
Gold
XAU/USD
4H
A bearish flag forms, the price requires a move as a clue of a breakdown.
A bearish flag identifies that the price to go down in case if price breaks out to the the downside.
Gold to extend its setback to 5050 on a breach of 5110.
BEARISH FLAG
EUR/USD
4H
As we can see a bearish flag occurs and eurusd needs a move as a sign of a breakout.
In case if price breakdown occurs, the move could identify a bearish move.
It is possible that a bearish continuation towards 1.15 will happen on a breach of 1.152 as minor hurdle remains at 1.152.
BULLISH FLAG
Gold
XAU/USD
1H
A bullish flag is recognized.
A bullish flag describes a compelling price action formation that is angled down that often spots extending an uptrend when price breaks out to the the upside.
A bullish move towards 5200 looks possible on a breach of 5190.
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