Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge encountered and the price is about to break out.
When price breaks out to the the upside, the move could identify that prices are likely to keep rallying upward.
Btcusd looks north to 71500.
FALLING WEDGE
Litecoin
LTC/USD
1H
We can see that a falling wedge is almost finished.
A falling wedge results in a trend change to the upside once price breaks above resistance.
Ltcusd to move upward towards 54 on a breakout of the falling wedge.
DESCENDING TRIANGLE
Cardano
ADA/USD
4H
A descending triangle forms, the price expects a more bigger move as evidence of a breakout.
A descending triangle depicts a price action formation that results in a next move down once price breakdown occurs.
Adausd to prolong the corrective phase towards 0.235.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel noticed.
An ascending channel is considered to be a useful formation that identifies a bearish price action when price breaks below support.
Extra downside to the 72500 mark is likely to happen while lower than 72800 as the cryptocurrency sticks to the negative mood.
RISING WEDGE
Ethereum
ETH/USD
1H
As we can see a rising wedge is close to being done, the price is breaking out.
A rising wedge describes a specific bearish price action signal that can be used to predict that the price to go down when price breaks out to the the downside.
There is a probability of decline to the 2240 zone on impulse below 2250.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel developing, the price breaks out.
An ascending channel is a reliable bearish price action indicator that is used to spot that the price to go short if price breaks below support.
There is a chance of a bearish price action towards 54 on a breakout of the ascending channel as ltcusd looks offered.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
Xrpusd composes an ascending channel, xrpusd demands a more move for the certainty of breakout.
If price breaks below support, the resulting move could identify a bullish-to-bearish trend reversal.
Xrpusd risks a correction towards 1.34 on impulse below 1.344.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel found and the price requests a more move to confirm ascending channel breakdown.
An ascending channel suggests a bearish price action formation that spots that prices move counter to the prevailing price trend once price collapses through the support line.
Ethusd now looks towards 2200 as the cryptocurrency probes 2200 hurdle.
ASCENDING CHANNEL
Litecoin
LTC/USD
4H
Ltcusd creates an ascending channel.
An ascending channel represents a price action formation that has an upward slope that can be used to identify a move down in case if price breakdown occurs.
Corrective downside towards 53.5 is going to happen.
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