There is a descending triangle encountered and LTC/USD expects a further bigger move as an information of a breakout.
A descending triangle tends to be a reliable bullish chart pattern that is used to signal the more likely potential of rising prices once price breaks out to the the upside.
It is likely that a further bullish run to 95 will happen.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
Jun 20
It seems like a descending channel is revealed and BCH/USD lacks a next bigger bullish move to confirm descending channel breakout.
Once price breaks through the resistance, the move could spot that the price to go up.
BCH/USD to head towards the 107 zone on a breach of 106.8 as bulls seeking a new high.
Cardano: Descending Channel
ADA/USD,
1 day
LONG
Nov 7
There is a descending channel distinguished.
When price breaks out to the the upside, the resulting move could predict that the price to go up.
A bullish move to 0.36 stays on the cards as uptrend may continue.
Ripple: Descending Channel
XRP/USD,
1 day
LONG
Nov 7
It seems like a descending channel is detected, the price is going to break out.
A descending channel is believed to be a compelling bullish price indicator that is used to signal a break in the price direction in case if price breaks out to the the upside.
XRP/USD risks a move to the 0.54 zone on a breakout of the descending channel.
Cardano: Falling Wedge
ADA/USD,
1 day
LONG
Nov 2
ADA/USD establishes a falling wedge.
A falling wedge is considered to be a reliable pattern with a downward bias that is used to indicate that the price to go long if price breaks out.
There is a possibility of a bullish continuation towards the 0.38 zone on a breach of 0.355 amid rising bets for the move.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
Jun 20
A descending channel is nearing completion and the price is close to breaking out now.
When price breaks above resistance, the resulting move could indicate a next move up.
BCH/USD does not rule out a move to 107 on a breakout of the descending channel as the wind continues blowing in favor of BCH/USD.
Cardano: Descending Channel
ADA/USD,
4 hours
LONG
Nov 6
There is a descending channel turning up, ADA/USD lacks a more active bullish move as a clue of a breakout.
A descending channel identifies a bullish indicator that typically indicates a bullish price action if price breaks out.
ADA/USD is bullish and en route towards the 0.36 mark as the wind continues blowing in favor of ADA/USD.
Ethereum: Descending Triangle
ETH/USD,
1 day
LONG
Nov 7
It looks like a descending triangle is found and ETH/USD wants a steady move to confirm descending triangle breakout.
A descending triangle describes a compelling bullish indicator that often results in that prices are likely to keep rallying upward when price breaks above resistance.
A rangebound to 2700 is possible on a breakout of the descending triangle.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 20
A descending channel arises, ETH/USD calls for a next move for clear breakout confirmation.
A descending channel is said to depict a compelling bullish price action indicator that often signals a breakout higher once price breaks out to the the upside.
It is not ruled out that a bullish push up to 3140 will take place on a upside break.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Feb 26
We can see that a descending channel pops up.
When price breaks out, the resulting move could identify a next move up.
LTC/USD dives out bearish trendline to the 72 zone.
Litecoin: Rectangle
LTC/USD,
1 hour
SHORT
Mar 4
It seems like a rectangle is close to being finished and LTC/USD requests further bigger push down as a sign of a breakout.
A rectangle tends to be a compelling bearish indicator that identifies a move down once price breaks out.
There is a probability of a move to the 89 zone.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
Jun 19
BCH/USD sets up a descending channel, BCH/USD lacks a strong bullish action for clear breakout confirmation.
Once price breaks above resistance, the resulting move could predict a break in the price direction.
BCH/USD to increase bullish potential towards the 107 mark amid the cryptocurrency reclaims part of the ground lost.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.