Open:
High:
Low:
Close:
PENNANT
Ethereum
ETH/USD
1H
A pennant is close to being done.
In case if price breaks out, the resulting move could indicate the bears have run out of steam.
There is a possibility of a bullish run to 3140 on a breach of 3130.
FALLING WEDGE
Gold
XAU/USD
1H
A falling wedge has been determined, the price wants a steady move to confirm a breakout.
A falling wedge denotes a useful price action signal that spots a trend change to the upside when price breaks out.
Gold pushes higher towards 4210 as the commodity is at a brink of a bullish breakout.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant poping up and the price is close to breaking out soon.
In case if price breaks above resistance, the resulting move could signal a bullish price action.
Btcusd to head towards 91000.
ASCENDING TRIANGLE
GBP/USD
1H
An ascending triangle materializes and the price is breaking out.
An ascending triangle can be thought of as a reliable bearish chart signal that often predicts a trend change to the downside if price breaks out to the the downside.
Extra downside towards the 1.332 level is likely to happen.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel taking place, eurusd expects a further move as proof of a breakout.
A descending channel depicts a compelling pattern that is used to spot a downward trend is about to reverse into an upnward trend if price breaks above resistance.
A move towards the 1.165 level is likely on a breakout of the descending channel as eurusd nears 1.1646 hurdle.
ASCENDING TRIANGLE
GBP/USD
4H
There is an ascending triangle exposed and gbpusd asks for a next strong move as a sign of a breakout.
An ascending triangle provides a technical chart signal that can be used to identify the more likely potential of falling prices in case if price breaks out to the the downside.
A bearish run towards 1.33 is about to happen.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant emerging.
A pennant depicts a compelling price indicator that is used to indicate the more likely potential of falling prices once price breakdown occurs.
Ethusd to drop to 3100.
FALLING WEDGE
Gold
XAU/USD
1H
There is a falling wedge diagnosed and gold expects a move to confirm falling wedge breakout.
A falling wedge is a useful price action indicator that typically spots a bullish price action if price breaks above resistance.
It is possible that a rangebound towards the 4200 zone will happen as gold becomes bullish.
PENNANT
GBP/USD
1H
There is a pennant found.
A pennant denotes a specific bullish formation that can be used to indicate that the price will rally further once price breaks out.
Gbpusd to move upward to 1.334 on a breakout of the pennant.
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