Open:
High:
Low:
Close:
RISING WEDGE
Cardano
ADA/USD
1H
It looks like the price establishes a rising wedge.
A rising wedge predicts that the price to go short when price breaks below support.
Adausd is bearish and en route to the 0.355 level.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel has been encountered, the price needs a further move as evidence of a breakdown.
When price breaks through the support, the move could indicate a further move down.
It is not ruled out that a further bearish price action to the 89500 zone will occur.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge uncovered, xrpusd requests a further active move for clear breakdown confirmation.
In case if price collapses through the support line, the move could spot a temporary interruption of an existing trend.
A bearish price action to 1.91 is likely to happen on a breach of 1.915.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel is very close to being finished, the price needs a next bearish impulse for the certainty of breakdown.
An ascending channel typically indicates a move down once price breaks out to the the downside.
There is a possibility of a bearish push down towards 3000 on a breach of 3010.
RISING WEDGE
Cardano
ADA/USD
1H
A rising wedge is very close to being finished and the price breaks out soon.
A rising wedge depicts a reliable bearish formation that identifies a temporary interruption during a rising market in case if price breaks through the support.
It is possible that a move towards the 0.355 level will happen.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It looks like an ascending channel turns up and the price requires a bigger correction as a clue of a breakout.
Once price breaks below support, the move could indicate a bearish move.
There is a probability of a further rangebound towards 590 on a breakdown of the ascending channel.
RECTANGLE
Ripple
XRP/USD
1H
We can see that a rectangle has been observed, the price is close to breaking out soon.
When price breaks above resistance, the move could spot a bullish price action.
Xrpusd turns higher to 1.93 as bulls look for entries.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is a descending channel appearing and the price is close to breaking out now.
A descending channel is a reliable bullish price action signal that indicates a temporary interruption during a falling market if price breaks above resistance.
Btcusd to grind higher to the 90000 mark while above 89200.
DESCENDING CHANNEL
Ripple
XRP/USD
4H
A descending channel has been observed and the price is ready to break out.
A descending channel often predicts a move up when price breaks above resistance.
A rangebound towards 1.94 is a possibility.
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