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FALLING WEDGE
Ripple
XRP/USD
1H
There is a falling wedge forming.
A falling wedge tends to be a useful pattern that has a downward slope that is used to predict the bears have run out of steam if price breaks out to the the upside.
It is not ruled out that a bullish push up towards the 1.425 level will be made.
BULLISH FLAG
Cardano
ADA/USD
1H
A bullish flag is close to being complete and the price is going to break out now.
A bullish flag suggests a bullish price formation with a downward bias that typically signals a next move up in case if price breaks out.
It is possible that a bullish move to 0.274 will be made.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge coming out, the price breaks out.
A rising wedge depicts a reliable pattern that has an upward slope that is used to predict that the price to go short in case if price breaks out.
Ethusd could drop towards 2320 once below 2328 as downtrend may continue.
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge arising.
When price breaks out, the resulting move could indicate a tendency to break in the opposite direction.
It is possible that a move to 58.2 will form on impulse above 58.1.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel has been revealed.
If price breaks out to the the downside, the move could signal a sharp decline.
A bearish run to 80600 looks possible on impulse below 80700.
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
There is an ascending triangle developing, the price requests a next steady move as proof of a breakdown.
An ascending triangle denotes a specific indicator that typically predicts that the price to go short once price breaks below support.
Xrpusd turns bearish towards the 1.41 mark as xrpusd nears 1.42 hurdle.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
A descending triangle is almost done, the price is going to break out soon.
A descending triangle denotes a specific price action pattern that is angled down that signals that the price to go long if price breaks above resistance.
It is likely that a bullish price action to 451 will happen on a upside break as bchusd looks bid.
ASCENDING TRIANGLE
Cardano
ADA/USD
1H
There is an ascending triangle developing.
An ascending triangle is a useful formation that often spots that the price to go down when price breaks out.
There is a chance of a bearish run to 0.27 on a breakout of the ascending triangle as bears seeking a new low.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
As we can see an ascending channel has been recognized and the price needs a bigger correction as a verification of a breakdown.
If price collapses through the support line, the resulting move could spot a bearish price action.
Bchusd is bearish and en route towards 449 on a breach of 450.
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