Open:
High:
Low:
Close:
DESCENDING TRIANGLE
GBP/USD
1H
It looks like a descending triangle is close to being done.
A descending triangle tends to be a compelling price signal that can be used to identify a move up when price breaks out to the the upside.
A bullish move to 1.346 looks likely on a breach of 1.345 as the currency pair becomes bullish.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel appears.
An ascending channel indicates a further move down if price breaks out to the the downside.
Ethusd tests a move to the 2020 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises.
When price breaks through the support, the resulting move could predict a countertrend succeeding the current trend.
Btcusd risks further decline towards 69000 on a breakdown of the ascending channel as btcusd sticks to the negative mood.
ASCENDING CHANNEL
EUR/USD
1H
An ascending channel is close to being complete and the price calls for a bearish continuation as a signal of a breakout.
An ascending channel depicts a useful chart signal that is used to signal that the price to go down if price breaks out.
A bearish move to 1.16 is likely on a breach of 1.1605 as there is a chance of further weakness.
DESCENDING CHANNEL
USD/JPY
1H
There is a descending channel discovered.
A descending channel represents a specific bullish chart formation that has a downward slope that is used to signal a next move up once price breaks out.
Usdjpy points to the upside towards the 158.2 level.
RISING WEDGE
Ethereum
ETH/USD
1H
Ethusd composes a rising wedge, the price is about to break out.
Once price breaks out, the move could signal a move down.
It is not ruled out that corrective downside towards the 2020 level will happen on a breakout of the rising wedge.
ASCENDING CHANNEL
Gold
XAU/USD
1H
There is an ascending channel taking place, the price requests a next active bearish action as a clue of a breakout.
An ascending channel tends to be a useful bearish formation that predicts a further move down in case if price breaks out.
A bearish price action to the 5150 level stays on the cards.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge appearing and btcusd asks for a further strong correction as evidence of a breakdown.
When price collapses through the support line, the move could predict extending an downtrend.
There is a possibility of a further bearish price action towards the 69000 mark while lower than 70000.
RISING WEDGE
EUR/USD
1H
A rising wedge has been observed, the price needs a next steady move as a signal of a breakout.
A rising wedge can be thought of as a bearish chart formation that is angled up that typically identifies that the price to go down in case if price breaks out to the the downside.
A bearish price action to the 1.162 level looks likely as there is a chance for a downside correction.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.