Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like a falling wedge is nearing completion and the price is breaking out.
A falling wedge results in a move up once price breaks through the resistance.
Btcusd to extend its rebound towards 77500 on a upside break amid btcusd recovers from recent lows.
DESCENDING TRIANGLE
EUR/USD
1H
A descending triangle pops up and the price is ready to break out.
A descending triangle indicates the more likely potential of falling prices if price breaks down.
Eurusd to drop towards the 1.16 level on a breakout of the descending triangle.
ASCENDING CHANNEL
EUR/USD
1D
An ascending channel pops up and the price is ready to break out now.
An ascending channel often indicates a temporary interruption during a rising market when price breaks out to the the downside.
Eurusd does not rule out a move towards 1.15 on a breakout of the ascending channel.
ASCENDING CHANNEL
GBP/USD
1D
An ascending channel is very close to being finished.
An ascending channel tends to be a reliable bearish chart signal that can be used to indicate a move down when price breaks below support.
There is a possibility of a bearish continuation towards 1.34.
RECTANGLE
Gold
XAU/USD
4H
A rectangle is very close to being finished and the price is going to break out.
If price breaks below support, the resulting move could signal prices are likely to keep falling downward.
There is a probability of decline towards the 4350 level as there is a chance for a downside correction.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel revealed and ethusd needs active push up as a sign of a breakout.
A descending channel describes a bullish chart pattern that is angled down that identifies that prices are likely to keep rallying upward in case if price breaks out.
A bullish run towards 2480 is likely to happen.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that a descending channel takes place, ethusd calls for a bigger move as proof of a breakout.
A descending channel typically signals a further move up when price breaks out.
A move towards 2480 is on the cards.
ASCENDING TRIANGLE
USD/JPY
1H
It looks like an ascending triangle is close to being completed and usdjpy calls for an active move to confirm a breakout.
An ascending triangle is said to depict a useful bullish price action indicator that can be used to indicate the bears have run out of steam in case if price breaks through the resistance.
Usdjpy embarks on a bullish correction towards 154.4 as there is room for a upside correction.
ASCENDING CHANNEL
Gold
XAU/USD
1H
We can see that an ascending channel is nearing completion and the price breaks out.
An ascending channel is a reliable chart formation that can be used to indicate an upward trend is about to reverse into an downward trend in case if price breaks down.
It is possible that a bearish push down towards 4380 will occur.
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