An ascending triangle pops up.
An ascending triangle is believed to be a chart pattern that is used to predict a bearish price action in case if price breakdown occurs.
Btcusd could extend its slump towards the 106000 mark.
Ethereum: Bullish Flag
ETH/USD,
1 hour
LONG
Jul 2
A bullish flag occurs.
A bullish flag often signals a bearish-to-bullish trend reversal if price breaks above resistance.
ETH/USD to strengthen to the 2440 zone on a breach of 2420.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
Jul 2
We can see that the price establishes a rectangle, the price expects bigger fall as an information of a breakout.
A rectangle identifies extending an downtrend if price breaks down.
GBP/USD to accomodate towards 1.37 as GBP/USD becomes vulnerable.
Gold: Symmetrical Triangle
XAU/USD,
1 hour
LONG
Nov 28
A symmetrical triangle is close to completion and the price is ready to break out soon.
In case if price breaks above resistance, the resulting move could identify a further move up.
Gold to turn bullish to the 4170 level on a breakout of the symmetrical triangle as downside pressure alleviates.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Nov 14
A descending channel is almost finished.
A descending channel represents a technical chart signal that can be used to indicate a pause in a downtrending market if price breaks out.
A rangebound to 1.32 is going to happen on a breakout of the descending channel.
Gold: Ascending Channel
XAU/USD,
1 hour
SHORT
Oct 21
There is an ascending channel emerging, gold requests a strong move to confirm a breakdown.
When price breaks through the support, the resulting move could indicate a further move down.
Gold set to accelerate its decline towards 4250 as there is a chance of further weakness.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
SHORT
Apr 6
A descending triangle is nearing completion, the price needs a next strong move to confirm descending triangle breakdown.
A descending triangle is a reliable bearish price formation that can be used to indicate an extension in the downward direction once price breaks below support.
There is a chance of a further rangebound towards the 82000 level on a downside break amid BTC/USD recedes from recent highs.
Crude Oil: Rising Wedge
USOIL,
4 hours
SHORT
Oct 9
A rising wedge is almost finished, the price is going to break out now.
A rising wedge indicates a sharp decline in case if price breaks through the support.
Crude-oil tests a move towards the 62 zone on a breakout of the rising wedge.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jul 2
USD/JPY: Ascending Triangle
USD/JPY,
1 hour
LONG
Mar 19
There is an ascending triangle turning up, USD/JPY calls for a further bigger move as evidence of a breakout.
An ascending triangle depicts a compelling bullish price action signal that is used to identify a bullish price action when price breaks out.
It is not ruled out that a bullish move towards the 149.4 mark will occur.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
4 days ago
It looks like the price gives a bearish flag, ethusd demands a steady bearish move to confirm bearish flag breakout.
A bearish flag is believed to be a price action indicator that often signals the more likely potential of falling prices when price breaks out to the the downside.
Ethusd turns bearish towards the 3000 level while lower than 3020 as the cryptocurrency loses bullish momentum.
USD/JPY: Ascending Channel
USD/JPY,
1 hour
SHORT
Jul 11
There is an ascending channel recognized.
An ascending channel is considered to be a bearish price action indicator that is used to spot a bearish move if price breaks below support.
A bearish continuation towards 161.5 is about to happen as bears seeking a new low.
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