Open:
High:
Low:
Close:
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see a descending channel takes place and ltcusd calls for more active rise as an information of a breakout.
Once price breaks out, the resulting move could predict a temporary interruption of an existing trend.
A bullish price action to 71 is on the cards on a breach of 69.8.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
The price forms an ascending channel, the price wants next push down for clear breakdown confirmation.
An ascending channel provides a technical bearish price formation with an upward bias that typically results in that the price to go short once price breaks below support.
There is a possibility of a bearish continuation to the 69 zone.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag exposed and the price is going to break out.
A bearish flag is said to depict a specific indicator that spots a bearish move in case if price breaks below support.
Btcusd to slump to the 87500 mark on a breach of 88000 as bears looking for downside correction.
RISING WEDGE
Cardano
ADA/USD
1H
A rising wedge is nearing completion and the price is about to break out.
If price breaks through the support, the move could identify a sharp decline.
Adausd pulls back to 0.35 on a breach of 0.3515 as gains remain capped.
RISING WEDGE
Ethereum
ETH/USD
1H
It seems like ethusd creates a rising wedge, the price is ready to break out.
A rising wedge can be thought of as a compelling price signal that is used to identify a bearish move once price breakdown occurs.
A move towards 2900 is on the way on a breakout of the rising wedge.
BEARISH FLAG
Ripple
XRP/USD
1H
It seems like a bearish flag is very close to being completed and the price expects a next bigger move as proof of a breakout.
A bearish flag describes a price action formation that can be used to indicate that the price to go down if price breakdown occurs.
It is not ruled out that extra downside towards 1.9 will happen on a breach of 1.91 as the cryptocurrency becomes depressed.
BEARISH FLAG
Litecoin
LTC/USD
1H
There is a bearish flag poping up.
A bearish flag identifies an extension in the downward direction when price breaks out to the the downside.
It is not ruled out that a bearish run towards the 69 mark will form as the cryptocurrency becomes bearish.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
A falling wedge is very close to being completed and bchusd requires a strong move as proof of a breakout.
A falling wedge identifies a compelling bullish price formation that has a downward slope that is used to indicate a bullish price move in case if price breaks out to the the upside.
It is possible that a bullish continuation towards the 590 zone will occur.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle taking place.
An ascending triangle spots a bullish price action once price breaks out.
Btcusd to increase bullish potential towards 89000 on impulse above 88500 as the wind continues blowing in favor of the cryptocurrency.
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