Open:
High:
Low:
Close:
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
Jul 30
A pennant is close to being done and the price is about to break out.
A pennant is believed to be a technical bearish price formation that typically predicts the bulls have run out of steam once price breaks out to the the downside.
Extra downside to the 29300 level is going to happen as upside pressure seen easing.
Cardano: Rising Wedge
ADA/USD,
1 hour
SHORT
Jun 17
A rising wedge is observed.
A rising wedge suggests a reliable signal that signals a sharp decline once price breaks down.
Extra downside towards the 0.414 mark is not ruled out.
Ripple: Descending Channel
XRP/USD,
4 hours
LONG
Mar 19
There is a descending channel occuring and XRP/USD expects rise as an indication of a breakout.
A descending channel is believed to be a useful chart pattern with a downward bias that often spots a temporary interruption of an existing trend if price breaks out.
It is possible that a rangebound to 0.39 will occur as door open for the continuation of the uptrend.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Apr 19
The price establishes an ascending channel and the price asks for a more move as a signal of a breakdown.
If price breaks through the support, the move could spot that the price to go down.
LTC/USD to continue lower towards the 100 level.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Dec 30
It seems like an ascending channel appears, the price demands a more bigger move as an indication of a breakdown.
In case if price collapses through the support line, the resulting move could spot a further move down.
It is not ruled out that corrective downside to 0.61 will happen as gains remain capped.
Bitcoin Cash: Descending Triangle
BCH/USD,
1 hour
SHORT
May 8
As we can see a descending triangle pops up and the price calls for a more steady move to confirm descending triangle breakout.
If price breaks out, the move could signal that the price to go short.
BCH/USD to prolong the corrective phase to the 115.5 zone on impulse below 115.8 as upside pressure mitigates.
Cardano: Rectangle
ADA/USD,
4 hours
LONG
Feb 27
There is a rectangle recognized, the price breaks out soon.
A rectangle depicts a pattern that often predicts extending an uptrend if price breaks above resistance.
There is a possibility of a bullish continuation towards the 0.63 mark.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Jul 3
An ascending channel has been encountered and the price is going to break out.
An ascending channel is a specific price action indicator that typically indicates a bearish price action when price breaks out.
It is not ruled out that a bearish push down towards 74 will occur.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Apr 12
There is an ascending triangle encountered, the price breaks out now.
An ascending triangle tends to be a useful bearish pattern that can be used to spot a temporary interruption of an existing trend if price collapses through the support line.
There is a possibility of a move to 70000.
Ripple: Ascending Channel
XRP/USD,
4 hours
SHORT
Aug 1
An ascending channel is distinguished.
An ascending channel often signals the more likely potential of falling prices if price breakdown occurs.
There is a possibility of extra downside towards the 0.58 zone.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Oct 6
There is a falling wedge materializing.
A falling wedge identifies a bullish price action in case if price breaks above resistance.
BTC/USD points to the upside towards 62200 as the cryptocurrency resumes the upside.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Dec 1
There is a descending channel forming, the price is close to breaking out now.
Once price breaks above resistance, the resulting move could identify that the price to go long.
It is likely that a bullish push up to 38500 will occur on a breakout of the descending channel as there is room for a upside correction.