Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is an ascending channel determined, the price is breaking out.
An ascending channel spots a breakdown is likely to occur if price breaks through the support.
It is likely that a bearish move to 64000 will be made as the cryptocurrency becomes capped.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle is nearing completion, the price is breaking out.
Once price collapses through the support line, the move could predict a bearish price move.
Ethusd risks further downside towards 1900 as there is room for a downside correction.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
Ethusd builds an ascending channel and the price asks for a move as a clue of a breakdown.
An ascending channel depicts a technical price pattern that has an upward slope that results in a potential bearish reversal in price action if price breaks below support.
It is likely that a bearish move towards the 1880 zone will take place.
RECTANGLE
EUR/USD
4H
As we can see a rectangle has been identified and the price expects more steady fall as a clue of a breakout.
A rectangle typically predicts an extension in the downward direction if price breaks out to the the downside.
A bearish continuation towards the 1.138 zone is not ruled out.
ASCENDING CHANNEL
EUR/USD
1H
We can see that an ascending channel happens, the price demands a more strong bearish impulse as a clue of a breakout.
An ascending channel can be thought of as a technical price signal that can be used to spot that the price to go short if price breakdown occurs.
There is a possibility of a further move to 1.14.
ASCENDING CHANNEL
Gold
XAU/USD
4H
As we can see an ascending channel is close to being complete.
An ascending channel can be thought of as a technical bearish indicator that can be used to identify that the price to go short if price breaks out to the the downside.
Gold to accomodate to the 4000 mark once below 4050.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel developing and the price breaks out soon.
An ascending channel indicates that the price to go down in case if price breaks out.
There is a possibility of extra downside to the 1.141 zone on a breakdown of the ascending channel as extra rangebound not ruled out.
PENNANT
USD/JPY
1H
A pennant is close to being finished, the price requires a next active move as a verification of a breakout.
A pennant often spots a move up in case if price breaks out to the the upside.
There is a possibility of a bullish run towards the 163.2 zone once beyond 163.14.
RISING WEDGE
GBP/USD
1H
There is a rising wedge developing.
A rising wedge often identifies a trend change to the downside in case if price breaks below support.
Gbpusd could recede to 1.337 once below 1.3376.
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