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GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
5 days ago
A descending channel develops, the price is going to break out.
If price breaks through the resistance, the move could spot a move up.
It is possible that a bullish price action to the 1.296 zone will be made as GBP/USD is at a brink of a bullish breakout.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Aug 2
A descending channel has been discovered, EUR/USD requests a move as a clue of a breakout.
A descending channel is said to depict a technical formation that has a downward slope that can be used to signal a potential reversal in price action in case if price breaks above resistance.
EUR/USD to move up towards 1.084 once beyond 1.0815.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Feb 26
A descending channel emerges and BTC/USD expects a more bigger move for clear breakout confirmation.
A descending channel denotes a bullish indicator that is used to spot a bullish move in case if price breaks out to the the upside.
It is not ruled out that a bullish push up to the 51800 zone will occur as the mood may improve.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Dec 18
It looks like a descending channel is observed.
A descending channel suggests a compelling indicator that can be used to predict that the price to go up if price breaks through the resistance.
A bullish push up towards the 154.2 level is on the way once beyond 154 as minor hurdle remains at 154.
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
15 hours ago
We can see that a pennant appears and the price is ready to break out.
A pennant denotes a technical bearish formation that signals an extension in the downward direction when price breaks through the support.
There is a possibility of corrective downside towards 82500 on a breakout of the pennant.
EUR/USD: Descending Triangle
EUR/USD,
1 hour
SHORT
Apr 12
A descending triangle is diagnosed.
A descending triangle can be thought of as a specific signal that is used to signal a further move down if price breaks out.
EUR/USD looks for a setback to 1.07 once below 1.0704.
EUR/USD: Rectangle
EUR/USD,
1 hour
LONG
Nov 13
There is a rectangle observed and the price requests a further bigger bullish continuation as a sign of a breakout.
A rectangle depicts a useful bullish pattern that can be used to predict a sharp rise if price breaks out to the the upside.
EUR/USD pushes higher towards 1.071 on a upside break.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
May 30
A descending triangle is diagnosed and USOIL requests a bigger correction to confirm a breakout.
When price breaks out to the the downside, the move could predict that the price to go short.
It is likely that a move to 71 will occur on a breakdown of the descending triangle.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Nov 5
It seems like the price forms a descending channel, the price expects a further steady move to confirm descending channel breakout.
A descending channel denotes a technical price action indicator that results in a bullish move once price breaks through the resistance.
ETH/USD to continue the appreciation trend towards 2480.
GBP/USD: Bearish Rectangle
GBP/USD,
1 hour
SHORT
Apr 12
As we can see the price forms a bearish rectangle, GBP/USD wants a next bearish action for clear breakout confirmation.
A bearish rectangle is believed to be a technical bearish price pattern that predicts prices are likely to keep falling downward if price breaks out to the the downside.
Decline towards 1.25 looks likely while lower than 1.2515.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
Mar 15
It seems like the price forms a rectangle, the price calls for a bigger correction to confirm a breakdown.
A rectangle tends to be a reliable price pattern that often identifies a bearish move in case if price collapses through the support line.
A move towards the 3700 mark is a possibility.
Bitcoin: Descending Triangle
BTC/USD,
4 hours
SHORT
45 hours ago
BTC/USD establishes a descending triangle and the price is about to break out now.
Once price breaks out, the resulting move could indicate that the price to go short.
BTC/USD risks further decline towards 83000 as bearish momentum increases.