Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant occuring.
A pennant is considered to be a useful price pattern that often signals the bears have run out of steam once price breaks out.
Btcusd to strengthen to 94000.
PENNANT
Bitcoin Cash
BCH/USD
1H
Bchusd forms a pennant and the price expects a move as proof of a breakdown.
A pennant often indicates extending an downtrend once price breaks out.
A bearish move towards 640 stays on the cards.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel detected.
An ascending channel represents a useful pattern that can be used to indicate a next move down when price breaks below support.
Btcusd is at risk of resuming its decline towards 93000 as weakness continues.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
It seems like bchusd establishes an ascending channel.
An ascending channel is a useful price action indicator that can be used to identify a change in the prevailing trend if price breaks out to the the downside.
A bearish continuation to the 620 zone is not ruled out.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1D
There is an ascending triangle developing.
An ascending triangle suggests a useful price indicator that indicates a bullish move in case if price breaks through the resistance.
A bullish continuation towards the 94000 level looks probable as btcusd becomes bid.
ASCENDING TRIANGLE
Ripple
XRP/USD
1D
There is an ascending triangle forming and the price lacks a more bigger bullish move to confirm a breakout.
When price breaks out, the resulting move could signal a sharp rise.
Xrpusd to grind higher to 2.2 on a break above 2.12.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
An ascending channel is discovered, the price is breaking out.
When price breaks through the support, the move could signal a next move down.
Bchusd to continue lower towards 645 on a downside break as the cryptocurrency becomes weaker.
RECTANGLE
Litecoin
LTC/USD
1H
It looks like the price shapes a rectangle, ltcusd calls for a strong move to confirm rectangle breakout.
A rectangle predicts that the price to go long when price breaks through the resistance.
It is possible that a bullish continuation to 84 will happen on a breakout of the rectangle.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel spotted, the price requires an active move for the certainty of breakout.
When price breaks out to the the downside, the resulting move could signal a bullish-to-bearish trend reversal.
It is likely that a bearish continuation to 645 will form once below 646 as outlook for the cryptocurrency stays negative.
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