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RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge found, ethusd asks for a bigger bearish move as an indication of a breakout.
A rising wedge describes a bearish price indicator that is used to identify a bearish price action once price breaks down.
Ethusd still risks a move to 2120.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle is close to completion, the price requires a strong move as a clue of a breakout.
Once price breaks out to the the upside, the resulting move could spot the more likely potential of rising prices.
A rangebound towards 2150 is a possibility on a break above 2144 as ethusd is at a brink of a bullish breakout.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel uncovered.
A descending channel describes a specific price signal that can be used to predict a bullish price move when price breaks out.
Xrpusd to prolong the growth phase towards 1.38 on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It seems like a descending channel is very close to being completed, the price is going to break out now.
A descending channel is a bullish price action pattern that can be used to identify a bullish move once price breaks through the resistance.
It is likely that a rangebound to 380 will form on impulse above 375.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge coming out, the price is about to break out.
A rising wedge results in a bearish move once price collapses through the support line.
Btcusd to push down towards 77400.
RISING WEDGE
Cardano
ADA/USD
1H
As we can see a rising wedge is almost done.
A rising wedge indicates a trend change to the downside once price breaks out.
A move to 0.248 is about to happen on a breach of 0.2492 as adausd becomes weaker.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
A symmetrical triangle is identified, the price is going to break out.
A symmetrical triangle can be thought of as a compelling bullish price action indicator that can be used to predict a bullish price move when price breaks out to the the upside.
Ltcusd to have better chances of advancing towards 54.4.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel forming and the price is ready to break out.
When price breaks above resistance, the resulting move could predict a bullish price action.
Xrpusd to have better chances of advancing to 1.38 on a breakout of the descending channel.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
A descending triangle is close to being complete and the price is ready to break out.
A descending triangle is considered to be a useful bullish price formation that often predicts a bullish price move when price breaks above resistance.
It is likely that a bullish continuation towards 370 will occur.
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