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BEARISH FLAG
Ripple
XRP/USD
1H
It looks like xrpusd forms a bearish flag and the price is breaking out.
When price breaks out to the the downside, the resulting move could indicate a break in the price direction.
Xrpusd to continue the dereciation trend towards the 1.35 mark on a breakout of the bearish flag.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
An ascending channel appears, the price wants a move to confirm a breakdown.
An ascending channel tends to be a reliable signal that often identifies a further move down when price breaks below support.
There is a probability of a further move towards 1.4 on a downside break as the cryptocurrency failes to keep gains.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
It seems like an ascending channel has been uncovered.
An ascending channel suggests a reliable bearish price indicator that is used to signal a bearish move once price breaks below support.
Ltcusd to suffer a steeper decline towards 57 on a breakout of the ascending channel.
PENNANT
Cardano
ADA/USD
1D
There is a pennant occuring and the price is about to break out.
A pennant predicts an extension in the upward direction in case if price breaks through the resistance.
A bullish price action to 0.24 is not ruled out on a breach of 0.225 as uptrend may continue.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
We can see that the price gives a rising wedge, the price is about to break out.
A rising wedge results in extending an downtrend once price breakdown occurs.
It is likely that a bearish run towards the 250 mark will occur on a breakdown of the rising wedge amid rising bets for the move.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is a descending channel detected and btcusd calls for a further steady impulse up for clear breakout confirmation.
A descending channel describes a compelling price action pattern that is angled down that is used to signal that the price to go long if price breaks above resistance.
Btcusd looks north to the 79000 zone.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel materializing and ethusd demands a further strong move as a sign of a breakout.
A descending channel spots that prices move counter to the prevailing price trend in case if price breaks out.
Ethusd is bullish and en route towards the 2550 mark on a breakout of the descending channel.
BEARISH FLAG
Litecoin
LTC/USD
1H
It seems like ltcusd sets up a bearish flag and the price wants a bigger correction as a signal of a breakout.
A bearish flag depicts a specific bearish formation that has an upward slope that spots a bearish price action once price breakdown occurs.
There is a probability of a bearish continuation towards the 54 level as sell-off may continue.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel turning up.
A descending channel depicts a compelling pattern that has a downward slope that predicts an extension in the upward direction once price breaks out to the the upside.
It is possible that a bullish continuation to 2550 will occur as downside pressure mitigates.
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