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Crude Oil: Descending Channel
USOIL,
4 hours
LONG
Oct 21
There is a descending channel materializing, crude-oil requests next bigger push up as a sign of a breakout.
A descending channel tends to be a compelling price formation that often identifies a bullish move once price breaks above resistance.
Crude-oil to look for a further push to the 58 zone as the commodity is at a brink of a bullish breakout.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Feb 26
There is a descending channel distinguished, the price requires next steady push up as an indication of a breakout.
If price breaks out, the resulting move could spot a break in the price direction.
It is likely that a further move towards 52000 will form.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
4 days ago
It seems like an ascending channel comes out and the price asks for a move as an information of a breakdown.
An ascending channel suggests a specific bearish chart formation that typically indicates an upward trend is nearing its end if price breaks through the support.
Decline towards the 2960 zone is possible on a breach of 2975.
USD/JPY: Bullish Rectangle
USD/JPY,
1 hour
LONG
Apr 15
There is a bullish rectangle observed, the price wants a bit more consolidation as an information of a breakout.
A bullish rectangle spots the bears have run out of steam when price breaks through the resistance.
USD/JPY turns bullish towards 153.6.
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.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Oct 18
There is a descending channel encountered, the price is close to breaking out soon.
A descending channel typically identifies reversals in downtrends when price breaks out to the the upside.
Btcusd hints a change to the upside towards the 108000 level.
EUR/USD: Bearish Rectangle
EUR/USD,
1 hour
SHORT
Oct 21
There is a bearish rectangle found and eurusd requests further push down as proof of a breakout.
A bearish rectangle is believed to be a bearish indicator that often indicates a bearish price move in case if price breaks through the support.
Eurusd tests a move towards the 1.163 level as bears look for entries.
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.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Jun 30
There is a rising wedge appearing, the price requests a next steady bearish continuation as evidence of a breakout.
If price breakdown occurs, the resulting move could identify a sharp decline.
GBP/USD risks a correction towards the 1.36 level.
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: Pennant
USD/JPY,
1 hour
LONG
Dec 18
USD/JPY establishes a pennant and the price requires a next bullish continuation as a clue of a breakout.
A pennant provides a technical bullish chart indicator that often results in a sharp rise if price breaks out to the the upside.
A bullish price action towards the 154.2 zone about to be made while above 154.1.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
2 days ago
A rectangle is identified, btcusd calls for a next move for clear breakout confirmation.
A rectangle is a technical pattern that can be used to predict that prices are likely to keep rallying upward when price breaks above resistance.
There is a possibility of a bullish price action towards 87500 once above 87200.