Open:
High:
Low:
Close:
Bitcoin: Descending Channel
BTC/USD,
1 hour
SHORT
Dec 11
There is a descending channel appearing, the price wants a more active move for clear breakout confirmation.
A descending channel often results in a bearish price move when price breaks below support.
BTC/USD risks extra losses towards 43500.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
Aug 15
There is an ascending channel taking place, the price is close to breaking out now.
An ascending channel often results in that the price to go down if price breakdown occurs.
ETH/USD to extend its setback towards 1820 as ETH/USD nears 1840 hurdle.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Feb 20
There is an ascending channel diagnosed.
An ascending channel often indicates the bulls have run out of steam if price breaks out to the the downside.
A bearish price action to 51600 looks probable while lower than 51800 as there is a chance for a downside correction.
USD/JPY: Rectangle
USD/JPY,
1 hour
SHORT
May 15
A rectangle has been encountered.
When price breakdown occurs, the resulting move could signal the bulls have run out of steam.
USD/JPY could drop to 156.1.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
Nov 6
There is a descending channel occuring, the price breaks out.
When price breaks through the resistance, the move could identify that the price to go long.
A bullish push up towards 2500 is a possibility on a breakout of the descending channel.
USD/JPY: Rectangle
USD/JPY,
1 day
LONG
Oct 5
As we can see a rectangle is close to being finished and USD/JPY expects more push up as a verification of a breakout.
A rectangle results in that prices are likely to keep rallying upward once price breaks out to the the upside.
There is a chance of a bullish move towards the 148 zone once above 147.5 as indicators turn bullish.
USD/JPY: Rising Wedge
USD/JPY,
1 hour
SHORT
Oct 3
It seems like a rising wedge is close to being completed and USD/JPY asks for a move for the certainty of breakout.
A rising wedge provides a specific pattern that indicates prices are likely to keep falling downward in case if price breaks out.
Decline towards 149.6 stays on the cards.
USD/JPY: Descending Channel
USD/JPY,
1 hour
LONG
Apr 27
A descending channel happens and the price is about to break out.
A descending channel can be thought of as a reliable pattern that is used to identify a countertrend succeeding the current trend if price breaks through the resistance.
A further bullish continuation to 134 about to be made.
Bitcoin: Ascending Triangle
BTC/USD,
1 day
LONG
Oct 15
There is an ascending triangle spotted, BTC/USD demands a next move as an indication of a breakout.
An ascending triangle spots a next move up once price breaks through the resistance.
A rangebound to the 68000 zone looks possible once beyond 66500.
Ethereum: Bullish Rectangle
ETH/USD,
1 hour
LONG
Oct 14
It looks like a bullish rectangle has been discovered and ETH/USD needs a bigger bullish continuation as a signal of a breakout.
A bullish rectangle suggests a reliable bullish indicator that is used to predict that the price to go up once price breaks out.
ETH/USD to have better chances of advancing towards 2500 on a breakout of the bullish rectangle.
EUR/USD: Ascending Triangle
EUR/USD,
1 day
SHORT
Oct 3
As we can see the price develops an ascending triangle, the price is about to break out.
An ascending triangle depicts a technical pattern that can be used to spot a bearish price move when price breaks below support.
It is likely that a move towards the 1.1 zone will form.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 23
There is an ascending triangle turning up, the price wants a bigger correction to confirm a breakdown.
An ascending triangle is believed to be a useful price action formation that is used to predict a sharp decline once price breaks down.
It is likely that corrective downside to the 64300 zone will take place on a breakout of the ascending triangle as bears seeking a new low.