Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
4H
It seems like btcusd shows a pennant and the price is close to breaking out.
When price breaks through the support, the resulting move could indicate a sharp decline.
Decline towards 89000 is a possibility on a downside break.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see a descending triangle is close to being done.
A descending triangle often predicts a sharp rise if price breaks out.
There is a possibility of a bullish run towards 2980 on a upside break as minor hurdle remains at 2965.
RISING WEDGE
Ethereum
ETH/USD
1H
As we can see a rising wedge is almost finished.
If price breaks out, the move could spot that the price to go short.
Ethusd to extend the correction lower towards 2940 on a breach of 2960 amid rising bets for the move.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel has been observed, the price needs a more strong move for clear breakdown confirmation.
An ascending channel represents a technical pattern with an upward bias that can be used to identify that the price to go short if price breakdown occurs.
Btcusd risks suffer setback to the 89000 zone as extra rangebound not ruled out.
RECTANGLE
EUR/USD
1D
There is a rectangle taking place, the price calls for a more steady move as a signal of a breakout.
A rectangle is said to depict a compelling bullish price action pattern that can be used to indicate that the price to go up in case if price breaks through the resistance.
Eurusd to move up to 1.185 on a breach of 1.18.
RECTANGLE
Crude Oil
USOIL
1D
The price forms a rectangle and crude-oil lacks a move as an information of a breakout.
A rectangle predicts a bullish price action in case if price breaks through the resistance.
There is a probability of a bullish move towards 64 on a upside break.
BULLISH FLAG
GBP/USD
1D
A bullish flag is exposed, gbpusd expects more strong rise as a clue of a breakout.
A bullish flag predicts a break during a downtrending market when price breaks out.
There is a chance of a bullish move to the 1.36 level on a breakout of the bullish flag.
RISING WEDGE
USD/JPY
1D
A rising wedge happens, the price expects a next bigger move as a verification of a breakout.
A rising wedge tends to be a specific pattern that can be used to predict a temporary interruption of an existing trend in case if price breaks out.
Usdjpy set to fall to 157.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle is close to being finished and the price is ready to break out.
If price breaks out to the the upside, the move could spot an extension in the upward direction.
It is possible that a bullish price action to 90500 will form on impulse above 90000 as weakness seen overdone.
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