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ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel poping up and the price is going to break out soon.
An ascending channel typically signals prices are likely to keep falling downward once price breaks out to the the downside.
A further bearish move to the 560 zone is going to happen.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is nearing completion and the price demands a bigger move as proof of a breakout.
A descending triangle typically spots a further move up if price breaks out.
Btcusd to prolong the growth phase to 90500 as the cryptocurrency challenges 90200 hurdle.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant distinguished and the price is about to break out now.
A pennant identifies a price action pattern that often spots a next move up in case if price breaks through the resistance.
It is likely that a bullish push up to 3150 will take place as door open for the continuation of the uptrend.
DESCENDING TRIANGLE
Ripple
XRP/USD
1H
There is a descending triangle uncovered, xrpusd lacks a further move as a verification of a breakout.
A descending triangle is a specific indicator that indicates the more likely potential of rising prices if price breaks out to the the upside.
Xrpusd is bullish and en route towards 2.06.
PENNANT
Cardano
ADA/USD
1H
As we can see adausd develops a pennant, the price is breaking out.
A pennant is said to depict a compelling bearish signal that indicates a bearish move if price breaks down.
Adausd to move back towards 0.41 while below 0.412.
PENNANT
Bitcoin
BTC/USD
1H
A pennant develops and btcusd needs a strong move as an indication of a breakdown.
A pennant identifies extending an downtrend once price collapses through the support line.
Btcusd challenges a move to 90000 as the cryptocurrency is at a brink of a bearish breakout.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel taking place and the price is ready to break out now.
A descending channel depicts a compelling bullish indicator that often spots that the price to go long when price breaks above resistance.
There is a possibility of a bullish continuation towards 0.415 while above 0.412 as bulls looking for upside correction.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel is close to being complete and the price is ready to break out now.
A descending channel depicts a specific bullish pattern that has a downward slope that can be used to predict an interruption of a downtrend in case if price breaks out to the the upside.
Xrpusd tests a move towards the 2.06 zone on a break above 2.04 as minor hurdle remains at 2.04.
RISING WEDGE
Ethereum
ETH/USD
1H
It seems like ethusd completes a rising wedge.
A rising wedge typically identifies a move down in case if price breaks out to the the downside.
It is possible that extra downside towards the 3220 zone will form.
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