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Cryptocurrencies

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Bitcoin: Ascending Channel

BTC/USD, 4 hours    SHORT 2 days ago
There is an ascending channel discovered, BTC/USD needs further active push down to confirm ascending channel breakout. An ascending channel provides a technical bearish price signal that often identifies prices are likely to keep falling downward if price breaks down. There is a possibility of extra downside to 46000 on a breakout of the ascending channel.

Ethereum: Ascending Channel

ETH/USD, 4 hours    SHORT 2 days ago
An ascending channel takes place. Once price breaks below support, the resulting move could identify a bearish price action. ETH/USD embarks on a bearish correction towards 3300.

Ethereum: Descending Triangle

ETH/USD, 1 hour    SHORT Sep 7
There is a descending triangle happening. If price collapses through the support line, the move could indicate extending an downtrend. ETH/USD set to plunge towards 3880 while below 3900 as the cryptocurrency challenges 3900 hurdle.

Cardano: Descending Triangle

ADA/USD, 4 hours    SHORT 2 days ago
A descending triangle is almost finished. If price breaks through the support, the resulting move could predict an extension in the downward direction. There is a chance of extra downside to 2.3.

Ripple: Rectangle

XRP/USD, 1 hour    SHORT 24 hours ago
There is a rectangle coming out. A rectangle results in extending an downtrend when price breaks through the support. XRP/USD to continue the dereciation trend towards the 1.05 mark as there is a chance for a downside correction.

Cardano: Rectangle

ADA/USD, 1 hour    SHORT Sep 7
It looks like ADA/USD develops a rectangle and ADA/USD expects a further steady correction as an indication of a breakout. A rectangle is considered to be a compelling signal that indicates a bearish price move if price breakdown occurs. ADA/USD to continue lower towards 2.8.

Cardano: Rectangle

ADA/USD, 4 hours    SHORT 35 hours ago
A rectangle develops, the price wants a move as an information of a breakout. A rectangle is considered to be a specific chart indicator that spots that the price to go short once price breaks out to the the downside. ADA/USD set to extend its decline to 2.3 as bears looking for downside correction.

Ethereum: Ascending Channel

ETH/USD, 4 hours    SHORT 47 hours ago
There is an ascending channel developing and the price is close to breaking out now. An ascending channel typically results in a temporary interruption during a rising market when price breaks down. It is likely that a further move to 3300 will take place.

Bitcoin Cash: Ascending Channel

BCH/USD, 4 hours    SHORT 35 hours ago
An ascending channel is close to being completed. An ascending channel denotes a reliable indicator that is used to spot that the price to go down in case if price breaks below support. BCH/USD accelerates losses towards 610 as bears seeking a new low.

Cardano: Pennant

ADA/USD, 1 hour    SHORT May 18
As we can see a pennant turns up, the price is ready to break out. A pennant often identifies a next move down if price breaks below support. A move towards 1.9 is about to happen.

Bitcoin Cash: Descending Channel

BCH/USD, 1 day    LONG Apr 3
It seems like a descending channel has been exposed. A descending channel denotes a specific price signal that can be used to spot a sharp rise in case if price breaks through the resistance. There is a probability of a move to 650.

Ethereum: Rectangle

ETH/USD, 1 hour    SHORT 35 hours ago
There is a rectangle emerging and the price is going to break out. A rectangle indicates that the price to go short if price collapses through the support line. It is not ruled out that a bearish push down to 3300 will happen.
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