Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
1D
There is an ascending channel coming out, the price expects a next steady correction as a signal of a breakout.
An ascending channel often signals a move down once price breaks through the support.
Ethusd to move downward to the 2800 zone on a breach of 2800.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
We can see that a descending triangle has been distinguished.
A descending triangle often predicts a bearish price action once price collapses through the support line.
It is likely that a bearish push down towards the 87000 level will occur on impulse below 88200.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been found, the price asks for further rise as a verification of a breakout.
A descending channel depicts a specific pattern with a downward bias that indicates an interruption of a downtrend if price breaks above resistance.
Btcusd looks ready to further extend its gains to 89000.
RECTANGLE
Bitcoin
BTC/USD
1H
It seems like a rectangle pops up, the price requires a strong move as a sign of a breakdown.
A rectangle typically spots a sharp decline once price collapses through the support line.
Btcusd challenges a move towards the 88800 mark on a break below 88900.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see an ascending triangle has been diagnosed, the price is ready to break out soon.
An ascending triangle is believed to be a specific bearish price action formation that often spots a sharp decline if price collapses through the support line.
Ethusd to plummet to the 2940 mark.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle observed.
An ascending triangle depicts a useful bearish chart signal that can be used to predict a bearish price move once price breaks through the support.
Btcusd risks extra losses towards the 89000 level on a breakdown of the ascending triangle as gains remain capped.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant recognized, ethusd demands a more move for clear breakout confirmation.
A pennant suggests a formation that is used to spot the more likely potential of rising prices in case if price breaks out.
A bullish move to 2980 is on the cards on a breach of 2965 as the cryptocurrency is at a brink of a bullish breakout.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle has been detected and the price lacks a bigger correction as proof of a breakdown.
An ascending triangle spots a bearish price move in case if price breaks out.
Ethusd to turn bearish towards 2940.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant recognized, the price is ready to break out now.
A pennant typically spots an extension in the upward direction when price breaks out.
Btcusd does not rule out a move to 90000.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.