Open:
High:
Low:
Close:
FALLING WEDGE
Ethereum
ETH/USD
1H
We can see that a falling wedge is very close to being finished and the price is close to breaking out now.
A falling wedge provides a specific signal that can be used to predict a tendency to break in the opposite direction if price breaks above resistance.
Ethusd turns higher to 2620.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is a descending triangle coming out.
A descending triangle depicts a price action formation with a downward bias that results in a further move up in case if price breaks above resistance.
A bullish price action to 57.5 is a possibility on a breakout of the descending triangle as the cryptocurrency is at a brink of a bullish breakout.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge turning up.
A falling wedge typically spots a trend change to the upside when price breaks out to the the upside.
Btcusd violates bearish trendline to the 81000 zone on a break above 80600.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to completion, the price is going to break out.
An ascending channel typically spots a potential bearish reversal in price action when price breaks out.
A further move towards 81000 is on the cards.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant materializing, ltcusd demands a next move as an information of a breakdown.
In case if price breaks down, the resulting move could indicate extending an downtrend.
A move towards the 56.5 level looks likely.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see an ascending channel has been diagnosed.
An ascending channel is considered to be a reliable signal that often indicates a pause in an uptrending market in case if price collapses through the support line.
Ethusd challenges a move towards 2620 on a breach of 2625.
PENNANT
Bitcoin Cash
BCH/USD
1H
A pennant occurs.
A pennant represents a technical bearish price action signal that is used to spot that the price to go down when price breaks below support.
There is a chance of a move to 250 as bearish momentum increases.
PENNANT
Cardano
ADA/USD
1H
A pennant has been diagnosed, adausd lacks a more move for the certainty of breakdown.
A pennant typically indicates a bearish move in case if price breaks out.
Adausd to drop to the 0.226 mark as adausd becomes capped.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
Xrpusd shapes an ascending channel.
An ascending channel tends to be a technical price pattern that typically signals price reversal after a pause when price collapses through the support line.
Xrpusd to extend the correction lower to 1.4 as sell-off may continue.
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