Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is close to being finished.
In case if price breaks through the resistance, the move could spot a bullish price action.
Ethusd challenges a move towards 2080 on a breakout of the descending channel.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel is encountered.
A descending channel typically indicates that the price to go long in case if price breaks out.
Ltcusd to turn bullish to 55 on a upside break.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel comes out and ltcusd requests a further active impulse up for the certainty of breakout.
A descending channel spots a change in price direction once price breaks out.
Ltcusd to jump to the 54.6 level as ltcusd becomes bid.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
As we can see a rectangle is almost completed, the price demands push up as an indication of a breakout.
A rectangle suggests a bullish price action signal that can be used to spot the bears have run out of steam once price breaks out.
There is a possibility of a rangebound towards the 454 mark once beyond 452.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle materializes, the price is breaking out.
A descending triangle indicates prices are likely to keep falling downward once price breaks through the support.
It is not ruled out that a further bearish continuation towards 69000 will take place as the mood may get worse.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle emerging and the price expects a further bearish continuation as proof of a breakdown.
A rectangle signals the more likely potential of falling prices when price breakdown occurs.
There is a chance of a further bearish move towards 2000 once below 2010 as downtrend may continue.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel appears.
An ascending channel indicates a further move down if price breaks out to the the downside.
Ethusd tests a move to the 2020 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises.
When price breaks through the support, the resulting move could predict a countertrend succeeding the current trend.
Btcusd risks further decline towards 69000 on a breakdown of the ascending channel as btcusd sticks to the negative mood.
RISING WEDGE
Ethereum
ETH/USD
1H
Ethusd composes a rising wedge, the price is about to break out.
Once price breaks out, the move could signal a move down.
It is not ruled out that corrective downside towards the 2020 level will happen on a breakout of the rising wedge.
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