Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
The price builds a descending triangle.
If price breaks out, the resulting move could signal a bullish price move.
Bchusd to accomodate to the 355 mark on impulse above 352.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant revealed and the price requests a next strong move as a sign of a breakout.
A pennant often spots a move down in case if price breaks through the support.
Ltcusd to slide towards 52.5.
RISING WEDGE
Bitcoin
BTC/USD
1H
It looks like btcusd composes a rising wedge, the price is ready to break out now.
A rising wedge signals a bearish move once price breaks below support.
Btcusd to continue the dereciation trend towards the 77000 level on a breakdown of the rising wedge.
PENNANT
Bitcoin Cash
BCH/USD
1H
There is a pennant spotted.
A pennant typically results in a further move down once price breakdown occurs.
Bchusd to drop towards the 345 zone as bchusd is at a brink of a bearish breakout.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
It seems like a descending triangle is nearing completion and the price wants a next move as evidence of a breakout.
A descending triangle is believed to be a bullish chart indicator that is used to identify the bears have run out of steam once price breaks through the resistance.
Ltcusd turns higher towards the 53.5 mark once above 52.9.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle appears.
A rectangle provides a bullish chart indicator that is used to indicate a bullish price move if price breaks out to the the upside.
Btcusd advances higher to the 78000 level while above 77700.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that the price forms a descending channel, ethusd requires a further strong bullish continuation as proof of a breakout.
A descending channel depicts a bullish price indicator that typically signals a bullish move in case if price breaks through the resistance.
A bullish price action towards 2130 is likely.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
We can see that a descending channel has been distinguished.
A descending channel can be thought of as a bullish price pattern that can be used to spot a change in the prevailing trend when price breaks above resistance.
Adausd to look for a further push to the 0.248 mark as bulls looking for profit.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
The price gives a descending triangle.
A descending triangle signals a bullish price action when price breaks above resistance.
Xrpusd looks ready to further extend its gains to the 1.37 level once above 1.362.
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