Open:
High:
Low:
Close:
ASCENDING TRIANGLE
USD/JPY
1H
An ascending triangle is very close to being completed and the price is about to break out soon.
An ascending triangle identifies a useful pattern that typically predicts that the price to go long once price breaks through the resistance.
There is a possibility of a bullish push up towards the 160.4 zone on a breach of 160.28 as weakness seen overdone.
DESCENDING TRIANGLE
USD/JPY
1H
We can see that a descending triangle forms.
A descending triangle typically identifies a move up once price breaks above resistance.
Usdjpy to have better chances of advancing to the 160.3 mark as the currency pair resumes the upside.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is close to being finished, btcusd requires a strong move to confirm descending triangle breakout.
If price breaks below support, the resulting move could indicate that the price to go short.
Btcusd to suffer further downside towards 62000.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel is very close to being completed and ethusd wants a bigger move as proof of a breakout.
In case if price breaks down, the resulting move could spot a bearish price action.
A further bearish continuation towards 1660 looks probable on impulse below 1665.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
Btcusd gives an ascending triangle, the price asks for a next bigger move as an information of a breakdown.
An ascending triangle spots extending an downtrend in case if price breakdown occurs.
Btcusd to extend its setback to 62000 on a breakout of the ascending triangle as gains remain capped.
PENNANT
USD/JPY
1H
It seems like a pennant is close to being complete.
A pennant typically signals a move down once price breaks down.
Usdjpy tests a move towards 160.1 on a breach of 160.18.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge determined and ethusd requires a more move as evidence of a breakout.
In case if price breaks through the support, the resulting move could signal a potential reversal in price action.
There is a possibility of a move to the 1660 zone as indicators favor bears.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel has been noticed.
When price breaks out to the the downside, the resulting move could indicate a further move down.
Btcusd accelerates losses to the 62500 level on a breach of 62800 as upside pressure seen easing.
ASCENDING TRIANGLE
Gold
XAU/USD
1H
An ascending triangle is detected.
An ascending triangle denotes a useful chart formation that identifies that the price to go short once price breaks through the support.
Gold could drop to 4320.
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