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Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Nov 5
It seems like the price forms a descending channel, the price expects a further steady move to confirm descending channel breakout.
A descending channel denotes a technical price action indicator that results in a bullish move once price breaks through the resistance.
ETH/USD to continue the appreciation trend towards 2480.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
Mar 15
It seems like the price forms a rectangle, the price calls for a bigger correction to confirm a breakdown.
A rectangle tends to be a reliable price pattern that often identifies a bearish move in case if price collapses through the support line.
A move towards the 3700 mark is a possibility.
Bitcoin: Bearish Flag
BTC/USD,
1 hour
SHORT
Sep 30
There is a bearish flag occuring.
A bearish flag is said to depict a specific price action formation that has an upward slope that indicates a move down when price breaks out.
It is likely that a move to 65500 will take place on a break below 65540.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Feb 26
There is a descending channel distinguished, the price requires next steady push up as an indication of a breakout.
If price breaks out, the resulting move could spot a break in the price direction.
It is likely that a further move towards 52000 will form.
Ripple: Descending Channel
XRP/USD,
1 hour
LONG
Mar 21
As we can see a descending channel is spotted.
A descending channel often predicts a pause in a downtrending market when price breaks out.
XRP/USD to grind higher to 0.39 once above 0.384 as the cryptocurrency becomes supported.
Ripple: Rising Wedge
XRP/USD,
1 hour
SHORT
Jan 26
A rising wedge is almost finished and the price lacks a more impulse down for the certainty of breakout.
A rising wedge depicts a specific bearish price action indicator that spots a potential reversal in price action if price breaks through the support.
A bearish price action to the 3.11 zone about to be made on a break below 3.115.
Bitcoin: Descending Channel
BTC/USD,
1 hour
SHORT
Dec 11
There is a descending channel appearing, the price wants a more active move for clear breakout confirmation.
A descending channel often results in a bearish price move when price breaks below support.
BTC/USD risks extra losses towards 43500.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
11 hours ago
It seems like an ascending channel appears, LTC/USD calls for a bigger correction for clear breakout confirmation.
When price breakdown occurs, the resulting move could identify a sharp decline.
LTC/USD is bearish and en route to 83 as upside pressure seen easing.
Litecoin: Bearish Rectangle
LTC/USD,
1 hour
SHORT
Feb 24
There is a bearish rectangle forming.
A bearish rectangle typically spots an extension in the downward direction when price collapses through the support line.
LTC/USD risks further decline to 125.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
Aug 15
There is an ascending channel taking place, the price is close to breaking out now.
An ascending channel often results in that the price to go down if price breakdown occurs.
ETH/USD to extend its setback towards 1820 as ETH/USD nears 1840 hurdle.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Feb 20
There is an ascending channel diagnosed.
An ascending channel often indicates the bulls have run out of steam if price breaks out to the the downside.
A bearish price action to 51600 looks probable while lower than 51800 as there is a chance for a downside correction.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Jun 20
There is a descending channel detected.
A descending channel typically spots the bears have run out of steam in case if price breaks out.
There is a chance of a move towards 78.5 as door open for a test of 78.5.