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ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle taking place.
An ascending triangle spots a bullish price action once price breaks out.
Btcusd to increase bullish potential towards 89000 on impulse above 88500 as the wind continues blowing in favor of the cryptocurrency.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
We can see that the price establishes a descending channel and btcusd expects a strong bullish impulse for clear breakout confirmation.
A descending channel typically predicts a trend change to the upside when price breaks above resistance.
Btcusd to jump towards 89000 on a breakout of the descending channel.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel has been detected and ethusd expects a steady move for clear breakout confirmation.
A descending channel depicts a technical indicator that can be used to spot an extension in the upward direction in case if price breaks through the resistance.
It is not ruled out that a bullish push up to the 2950 zone will take place on a breach of 2910.
ASCENDING CHANNEL
Gold
XAU/USD
1H
An ascending channel is exposed and the price is going to break out.
An ascending channel depicts a bearish price pattern that has an upward slope that indicates a bearish price action when price collapses through the support line.
There is a probability of a bearish move towards the 5050 mark.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is very close to being finished.
A falling wedge tends to be a bullish price action signal that can be used to signal extending an uptrend in case if price breaks above resistance.
There is a chance of a bullish push up to 2950.
RISING WEDGE
Crude Oil
USOIL
1H
A rising wedge arises, crude-oil requires next fall for the certainty of breakdown.
A rising wedge often predicts a bearish price move if price breaks out to the the downside.
It is possible that extra downside to 60.5 will form as risk reversal sheds bullish bias.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
It seems like an ascending channel takes place.
An ascending channel typically indicates the bulls have run out of steam when price collapses through the support line.
Extra downside towards the 61 level is probable.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see btcusd establishes a descending channel.
A descending channel denotes a signal that can be used to predict that the price to go up in case if price breaks out to the the upside.
There is a probability of a move towards 88000 while above 87800.
BEARISH FLAG
Bitcoin
BTC/USD
1D
As we can see a bearish flag is recognized.
Once price breaks through the support, the resulting move could signal a bearish move.
Btcusd embarks on a bearish correction towards 86000 on a breach of 88000.
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