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Cryptocurrencies

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Litecoin: Rising Wedge

LTC/USD, 1 hour    SHORT 7 hours ago
There is a rising wedge forming, LTC/USD expects a more bigger move to confirm a breakout. When price collapses through the support line, the move could indicate a bearish price action. LTC/USD looks south towards the 51.5 level.

Ethereum: Descending Channel

ETH/USD, 4 hours    LONG 2 days ago
A descending channel is uncovered and the price requests a further bigger move as an information of a breakout. A descending channel is considered to be a specific formation that can be used to predict a pause in a downtrending market if price breaks through the resistance. ETH/USD advances higher towards 1100 as downside pressure seen easing.

Ripple: Rising Wedge

XRP/USD, 1 hour    SHORT 7 hours ago
As we can see a rising wedge takes place and XRP/USD requests strong pullback as an indication of a breakdown. A rising wedge is believed to be a technical bearish signal that typically indicates a temporary interruption of an existing trend in case if price collapses through the support line. XRP/USD pulls away from recent highs to the 0.32 mark on a breach of 0.326 as indicators favor bears.

Cardano: Rising Wedge

ADA/USD, 1 hour    SHORT 7 hours ago
It looks like a rising wedge is diagnosed. Once price collapses through the support line, the move could indicate a break during an uptrending market. There is a possibility of decline towards 0.465.

Bitcoin: Descending Channel

BTC/USD, 4 hours    LONG 2 days ago
There is a descending channel emerging and the price is about to break out. If price breaks through the resistance, the resulting move could indicate price heading to a new direction. BTC/USD now looks towards 19500.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT 6 hours ago
An ascending channel forms, the price wants a further strong move as proof of a breakout. An ascending channel is considered to be a useful signal that typically predicts a break during an uptrending market when price collapses through the support line. A bearish run towards the 20000 mark is probable while lower than 20100.

Bitcoin: Descending Triangle

BTC/USD, 4 hours    LONG 43 hours ago
There is a descending triangle emerging. A descending triangle spots a move up once price breaks out. BTC/USD looks ready to further extend its gains towards the 19500 zone on a breakout of the descending triangle.

Litecoin: Descending Channel

LTC/USD, 4 hours    LONG 43 hours ago
There is a descending channel occuring. A descending channel can be thought of as a technical bullish price signal that typically results in a downward trend is about to reverse into an upnward trend in case if price breaks out. LTC/USD violates bearish trendline towards 52 on a breach of 51.

Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT 5 hours ago
There is an ascending channel forming, the price is breaking out. If price breaks out to the the downside, the move could predict that the price to go down. BCH/USD could attempt a move towards 104.

Ripple: Pennant

XRP/USD, 4 hours    LONG 43 hours ago
XRP/USD creates a pennant. A pennant provides a specific pattern that often predicts the bears have run out of steam when price breaks above resistance. It is not ruled out that a bullish run to 0.32 will be made.

Cardano: Ascending Triangle

ADA/USD, 1 hour    LONG May 29
There is an ascending triangle observed and the price needs further rise as an information of a breakout. An ascending triangle identifies a sharp rise when price breaks out to the the upside. It is likely that a bullish run towards 0.48 will occur on a upside break.

Cardano: Bullish Flag

ADA/USD, 4 hours    LONG 3 days ago
The price shows a bullish flag, ADA/USD requires a steady move as proof of a breakout. A bullish flag spots extending an uptrend if price breaks out. There is a probability of a bullish continuation to the 0.46 mark once above 0.445 as downside pressure alleviates.
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