Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
Ethusd sets up a descending triangle, the price is breaking out.
In case if price breaks out, the move could indicate that the price will rally further.
A bullish move towards the 2250 zone looks possible.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
As we can see the price creates an ascending channel.
An ascending channel typically spots a further move down once price breaks out to the the downside.
Bchusd does not rule out a move towards the 265 zone.
PENNANT
Bitcoin Cash
BCH/USD
1D
Bchusd builds a pennant and the price expects a further strong move as a sign of a breakdown.
A pennant represents a bearish price signal that is used to spot a further move down in case if price collapses through the support line.
It is not ruled out that a further rangebound towards the 270 level will be made.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
There is a rising wedge happening, bchusd requires more pullback as a verification of a breakdown.
A rising wedge denotes a technical price action formation that has an upward slope that results in a move down when price breaks out to the the downside.
There is a probability of extra downside to 280 on a breakout of the rising wedge.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge developing, the price calls for a next strong move as a clue of a breakdown.
A rising wedge often identifies a tendency to break in the opposite direction once price breaks down.
There is a chance of a bearish push down to 1.28 as door open for a test of 1.28.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel appears and the price is ready to break out soon.
An ascending channel identifies a technical price action pattern that typically identifies extending an downtrend in case if price breaks out to the the downside.
Btcusd risks a correction to 76000.
RECTANGLE
Litecoin
LTC/USD
4H
There is a rectangle discovered and the price is about to break out soon.
A rectangle is considered to be a signal that indicates a bearish move if price collapses through the support line.
A bearish price action to 52 is a possibility on a break below 52.8 as bearish momentum increases.
BEARISH FLAG
Ripple
XRP/USD
4H
A bearish flag is nearing completion, the price requests a further strong bearish move for the certainty of breakout.
A bearish flag depicts a specific formation that is angled up that typically signals a next move down if price breakdown occurs.
Xrpusd to extend its slide to 1.26.
ASCENDING CHANNEL
Cardano
ADA/USD
4H
We can see that an ascending channel is very close to being completed, adausd requests strong push down as a verification of a breakdown.
An ascending channel indicates a bearish price move in case if price breaks below support.
Adausd is at risk of resuming its decline towards the 0.18 level.
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