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FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like ethusd forms a falling wedge, the price wants a further move to confirm falling wedge breakout.
In case if price breaks out to the the upside, the move could predict a bullish move.
It is not ruled out that a bullish push up towards 2980 will take place once beyond 2960 as minor hurdle remains at 2960.
RECTANGLE
USD/JPY
1H
It seems like a rectangle is detected and the price is breaking out.
In case if price breaks out, the move could signal a bearish price move.
There is a possibility of a further bearish run to the 157.5 mark on a break below 157.9.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel poping up and the price wants a next bigger move to confirm ascending channel breakdown.
If price breakdown occurs, the move could spot a temporary interruption of an existing trend.
There is a probability of a bearish move towards the 1.172 mark on a breakout of the ascending channel as bears looking for profit.
DESCENDING TRIANGLE
Crude Oil
USOIL
4H
A descending triangle is exposed and the price asks for rise to confirm descending triangle breakout.
If price breaks above resistance, the resulting move could indicate a bullish price action.
Crude-oil to extend its advance towards 61.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle distinguished.
In case if price breaks down, the move could spot the bulls have run out of steam.
It is not ruled out that a move to 2920 will be made as upside pressure alleviates.
ASCENDING CHANNEL
USD/JPY
1H
An ascending channel has been determined and usdjpy wants more push down for clear breakdown confirmation.
An ascending channel is believed to be a reliable formation that is angled up that is used to predict a next move down if price breaks through the support.
Usdjpy set to accelerate its decline towards the 158 mark amid usdjpy recedes from tops.
ASCENDING TRIANGLE
USD/JPY
4H
An ascending triangle has been determined and usdjpy wants a further active bearish action as evidence of a breakdown.
In case if price collapses through the support line, the resulting move could indicate a bearish price move.
Usdjpy is at risk of resuming its decline towards 157.8 as the currency pair becomes bearish.
ASCENDING TRIANGLE
USD/JPY
1H
There is an ascending triangle observed and the price demands a more move as a verification of a breakout.
If price breaks out, the move could predict a move up.
Usdjpy is bullish and en route towards 159 as bulls look for entries.
PENNANT
Ethereum
ETH/USD
1H
As we can see the price builds a pennant and the price is ready to break out.
A pennant suggests a reliable bullish chart formation that is used to identify a bullish price move in case if price breaks above resistance.
Ethusd to move upward to the 3000 zone on a break above 2970 amid the cryptocurrency reclaims part of the ground lost.
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