Open:
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Close:
DESCENDING CHANNEL
Ripple
XRP/USD
4H
There is a descending channel happening and xrpusd expects a move as a clue of a breakout.
If price breaks out to the the upside, the move could signal a potential bullish reversal in price action.
Xrpusd does not rule out a move towards the 1.95 zone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle is close to being finished and the price is ready to break out.
If price breaks out to the the upside, the move could spot an extension in the upward direction.
It is possible that a bullish price action to 90500 will form on impulse above 90000 as weakness seen overdone.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like ethusd forms a falling wedge, the price wants a further move to confirm falling wedge breakout.
In case if price breaks out to the the upside, the move could predict a bullish move.
It is not ruled out that a bullish push up towards 2980 will take place once beyond 2960 as minor hurdle remains at 2960.
BULLISH FLAG
Cardano
ADA/USD
1H
There is a bullish flag turning up, adausd requests a strong impulse up as a sign of a breakout.
A bullish flag spots a change in price direction when price breaks through the resistance.
Adausd does not rule out a move towards 0.37 as weakness seen overdone.
FALLING WEDGE
Ripple
XRP/USD
1H
There is a falling wedge turning up.
A falling wedge describes a price action indicator that identifies a change in the prevailing trend if price breaks above resistance.
It is possible that a bullish push up towards 1.92 will be made as bulls looking for upside correction.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle emerging and the price requests a further bigger move as a clue of a breakout.
If price breakdown occurs, the move could identify a bearish price action.
Ltcusd risks suffer setback to 68 on a breach of 68.3.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle distinguished.
In case if price breaks down, the move could spot the bulls have run out of steam.
It is not ruled out that a move to 2920 will be made as upside pressure alleviates.
SYMMETRICAL TRIANGLE
Cardano
ADA/USD
1H
As we can see a symmetrical triangle arises.
A symmetrical triangle denotes a reliable bearish price action pattern that can be used to indicate an extension in the downward direction when price breaks down.
Adausd to prolong the corrective phase towards 0.358 on a breakout of the symmetrical triangle.
PENNANT
Ethereum
ETH/USD
1H
As we can see the price builds a pennant and the price is ready to break out.
A pennant suggests a reliable bullish chart formation that is used to identify a bullish price move in case if price breaks above resistance.
Ethusd to move upward to the 3000 zone on a break above 2970 amid the cryptocurrency reclaims part of the ground lost.
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