Open:
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Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like a descending channel has been spotted and the price asks for a bullish move as an information of a breakout.
A descending channel indicates a move up when price breaks out to the the upside.
There is a probability of a further bullish price action towards 1670.
RISING WEDGE
USD/JPY
1H
A rising wedge is close to being done and the price demands a bigger move as proof of a breakout.
A rising wedge typically identifies prices are likely to keep falling downward when price breaks through the support.
It is not ruled out that a move towards 160.4 will happen.
DESCENDING CHANNEL
Gold
XAU/USD
1H
It looks like gold builds a descending channel and the price is going to break out now.
A descending channel typically indicates a next move up if price breaks through the resistance.
Gold to extend its advance to the 4150 mark on a breach of 4120.
ASCENDING CHANNEL
Crude Oil
USOIL
1H
There is an ascending channel determined and the price expects a further move as a verification of a breakout.
An ascending channel represents a reliable price action pattern that can be used to spot an upward trend is about to reverse into an downward trend in case if price breaks below support.
A bearish push down towards 88 is going to happen while below 90.5.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel turning up, btcusd lacks a next steady move as a signal of a breakout.
A descending channel identifies a signal that identifies that the price will rally further once price breaks out.
There is a chance of a move towards 63000 as bulls looking for profit.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is almost finished, ethusd lacks more steady push up as a verification of a breakout.
A descending channel depicts a price indicator that can be used to indicate a break in the price direction if price breaks through the resistance.
Ethusd tests a move towards 1660 on a upside break.
RECTANGLE
USD/JPY
1D
It seems like a rectangle materializes.
A rectangle identifies a reliable price action signal that is used to predict that prices are likely to keep rallying upward once price breaks through the resistance.
Usdjpy to extend its advance to 161.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that a rectangle is nearing completion, the price breaks out.
A rectangle can be thought of as a compelling bearish price action formation that can be used to indicate an extension in the downward direction if price breaks below support.
Ethusd risks a move to the 1600 mark on a breakout of the rectangle.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle pops up and the price is breaking out.
A descending triangle represents a reliable indicator that predicts an extension in the downward direction if price breaks through the support.
Eurusd risks a move to 1.153 amid rising bets for the move.
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