Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like a falling wedge has been found and btcusd requires a bit more consolidation as a signal of a breakout.
A falling wedge typically spots that prices are likely to keep rallying upward when price breaks above resistance.
There is a probability of a move to 68500 once beyond 68000.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like a falling wedge is distinguished.
If price breaks out to the the upside, the move could identify price reversal after a pause.
A move towards the 2000 zone about to be made as outlook for ethusd stays positive.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel has been determined and xrpusd lacks more steady rise to confirm a breakout.
A descending channel tends to be a reliable price pattern that has a downward slope that is used to predict that the price to go up once price breaks out to the the upside.
It is not ruled out that a rangebound towards the 1.48 level will occur.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel is found, the price is close to breaking out now.
An ascending channel can be thought of as a bearish price action formation that is used to signal prices are likely to keep falling downward once price breakdown occurs.
There is a possibility of a rangebound to the 53.5 level as ltcusd is at a brink of a bearish breakout.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is uncovered, the price is ready to break out soon.
A pennant can be thought of as a specific signal that can be used to spot the bulls have run out of steam once price breaks below support.
Btcusd risks extending drop to the 67500 mark once below 67800.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
A rectangle appears, the price requests a more steady bearish continuation as a signal of a breakout.
A rectangle often spots that the price to go down in case if price collapses through the support line.
Bchusd points to the downside to the 550 mark on a breakdown of the rectangle amid rising bets for the move.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel has been spotted, the price is close to breaking out.
When price breaks out to the the downside, the move could identify that the price to go short.
A further move towards 54 looks probable on a breakout of the ascending channel.
RECTANGLE
Ripple
XRP/USD
1H
There is a rectangle emerging.
A rectangle often signals the bulls have run out of steam once price collapses through the support line.
Xrpusd opens door for a move towards 1.44 on a breach of 1.45 as the cryptocurrency nears 1.45 hurdle.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
As we can see the price composes an ascending channel.
An ascending channel indicates a bearish price move in case if price breaks out.
Btcusd does not rule out a move towards 67000 as weakness continues.
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