A rising wedge is diagnosed, the price is ready to break out.
A rising wedge is considered to be a compelling chart indicator that typically spots that the price to go down if price breaks through the support.
A bearish move to 99000 is possible.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Jan 12
An ascending channel is close to completion, BTC/USD expects a more strong bearish impulse as an information of a breakdown.
An ascending channel represents a bearish formation that often spots a bearish price move when price breaks down.
There is a possibility of a bearish continuation towards the 93500 mark on a breakout of the ascending channel as indicators turn bearish.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
2 days ago
As we can see a descending channel pops up.
A descending channel describes a useful chart pattern that can be used to spot price heading to a new direction in case if price breaks out.
There is a chance of a bullish move to 3050.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jan 2
It looks like an ascending channel is revealed and LTC/USD requires next active fall as a clue of a breakdown.
An ascending channel represents a useful bearish price action formation with an upward bias that is used to predict price heading to a new direction in case if price breakdown occurs.
LTC/USD risks further downside towards 72 once below 73.2 as LTC/USD probes 73.2 hurdle.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 23
There is an ascending triangle turning up, the price wants a bigger correction to confirm a breakdown.
An ascending triangle is believed to be a useful price action formation that is used to predict a sharp decline once price breaks down.
It is likely that corrective downside to the 64300 zone will take place on a breakout of the ascending triangle as bears seeking a new low.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Jan 7
There is an ascending channel forming.
An ascending channel indicates a break during an uptrending market if price collapses through the support line.
It is possible that a bearish run towards the 3640 zone will form as the cryptocurrency keeps the bid tone.
Cardano: Bearish Flag
ADA/USD,
4 hours
SHORT
Oct 8
There is a bearish flag happening.
A bearish flag can be thought of as a bearish indicator that is used to spot a bearish move in case if price breaks below support.
Adausd risks extending drop towards the 0.8 level on a breakout of the bearish flag as the cryptocurrency nears 0.82 hurdle.
Litecoin: Rectangle
LTC/USD,
1 hour
SHORT
15 hours ago
As we can see ltcusd shapes a rectangle, ltcusd expects a next active move for clear breakdown confirmation.
A rectangle tends to be a useful bearish signal that often indicates the bulls have run out of steam once price breakdown occurs.
There is a chance of a further bearish move to 83.5 as the cryptocurrency keeps the bid tone.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Apr 25
We can see that an ascending triangle is close to being complete and the price is ready to break out.
An ascending triangle is considered to be a technical bullish price action formation that is used to indicate a further move up if price breaks out.
BTC/USD to continue higher towards 27800 as the cryptocurrency challenges 27650 hurdle.
Cardano: Bullish Rectangle
ADA/USD,
1 hour
LONG
Jun 9
There is a bullish rectangle distinguished and the price is close to breaking out soon.
In case if price breaks through the resistance, the move could signal a move up.
A further bullish continuation to 0.68 is possible while above 0.678 as downside pressure mitigates.
Ripple: Ascending Triangle
XRP/USD,
4 hours
SHORT
4 days ago
An ascending triangle is nearing completion, xrpusd calls for an active bearish action as an information of a breakout.
An ascending triangle is a reliable bearish chart indicator that is used to signal a move down if price breaks through the support.
Xrpusd to extend the fall towards 2.18 on a breakout of the ascending triangle.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Jun 29
There is a descending channel occuring.
A descending channel is considered to be a bullish price signal that can be used to spot that prices are likely to keep rallying upward in case if price breaks out.
LTC/USD to look for a further push towards 86 as the cryptocurrency sticks to the positive mood.
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