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Cryptocurrencies

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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.

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.

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.

Ripple: Rectangle

XRP/USD, 1 day    LONG Feb 28
A rectangle is very close to being completed, the price is close to breaking out soon. A rectangle suggests a compelling chart signal that signals the bears have run out of steam when price breaks above resistance. A bullish continuation to the 0.6 mark is probable.

Ripple: Descending Channel

XRP/USD, 1 hour    LONG 25 hours ago
A descending channel has been spotted. In case if price breaks out to the the upside, the resulting move could identify that the price to go up. A further bullish run towards 0.63 is possible.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT 11 hours ago
An ascending channel is almost finished, BTC/USD calls for next active fall for clear breakout confirmation. An ascending channel often spots prices are likely to keep falling downward if price breaks below support. BTC/USD to plummet towards 66500 on a breach of 67000.

Ethereum: Rectangle

ETH/USD, 4 hours    SHORT 4 days ago
It seems like the price forms a rectangle, the price calls for a bigger correction to confirm a breakdown. A rectangle tends to be a reliable price pattern that often identifies a bearish move in case if price collapses through the support line. A move towards the 3700 mark is a possibility.

Bitcoin: Descending Channel

BTC/USD, 1 day    LONG Feb 8
The price shows a descending channel and BTC/USD wants a bigger bullish move as a signal of a breakout. When price breaks above resistance, the move could signal that the price will rally further. There is a chance of a bullish push up to the 46000 zone as the mood may improve.

Ethereum: Rectangle

ETH/USD, 1 hour    SHORT 14 hours ago
There is a rectangle detected, the price is going to break out soon. A rectangle often indicates the more likely potential of falling prices once price breakdown occurs. ETH/USD tests a move towards 3450 as door open for the continuation of the downtrend.

Cardano: Rectangle

ADA/USD, 4 hours    SHORT 3 days ago
There is a rectangle distinguished, the price needs a bigger correction as a signal of a breakdown. A rectangle can be thought of as a useful indicator that spots a bearish price move if price breaks below support. A bearish continuation to the 0.7 zone looks possible on a breakout of the rectangle as ADA/USD becomes weak.

Cardano: Rising Wedge

ADA/USD, 1 hour    SHORT 17 hours ago
There is a rising wedge exposed and ADA/USD lacks a more bigger move as an indication of a breakdown. If price breaks out to the the downside, the resulting move could spot a bearish price action. There is a probability of a bearish run towards 0.67.

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.
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