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Cryptocurrencies

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Bitcoin: Bullish Flag

BTC/USD, 1 hour    LONG Dec 8
It looks like a bullish flag arises, the price is close to breaking out soon. A bullish flag is believed to be a specific indicator that is used to signal price reversal after a pause if price breaks out. A rangebound towards the 43600 level is probable on impulse above 43500.

Ripple: Bearish Flag

XRP/USD, 4 hours    SHORT Apr 17
A bearish flag takes place, the price asks for a more active move to confirm bearish flag breakdown. A bearish flag suggests a compelling signal that can be used to identify a bullish-to-bearish trend reversal when price collapses through the support line. XRP/USD to slide to 0.5 on a breakout of the bearish flag.

Litecoin: Rectangle

LTC/USD, 4 hours    SHORT Apr 10
It looks like a rectangle has been encountered, the price is breaking out. A rectangle denotes a specific bearish chart formation that can be used to indicate that the price to go short if price breaks through the support. It is possible that a bearish move to 94 will be made amid rising bets for the move.

Bitcoin Cash: Bearish Rectangle

BCH/USD, 1 day    SHORT Jun 6
BCH/USD establishes a bearish rectangle and the price needs a strong move as an information of a breakout. If price collapses through the support line, the move could predict that the price to go short. It is possible that a bearish run to the 105 level will take place as the cryptocurrency loses bullish momentum.

Bitcoin Cash: Bearish Rectangle

BCH/USD, 1 day    SHORT Jun 6

Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT Apr 19
An ascending channel is almost finished, BCH/USD expects an active move to confirm a breakdown. In case if price breaks out, the resulting move could predict a further move down. BCH/USD turns bearish to the 131 zone on a breakout of the ascending channel.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Feb 20
An ascending channel is close to being completed and the price needs more strong push down as evidence of a breakdown. An ascending channel suggests a price action formation that can be used to signal a move down if price collapses through the support line. A further bearish push down towards 70.6 looks probable.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Nov 21
The price gives an ascending channel, LTC/USD demands a further steady move for clear breakdown confirmation. An ascending channel suggests a technical price formation that has an upward slope that often identifies a temporary interruption during a rising market once price breaks down. LTC/USD to plummet towards 68.5 on a breach of 69.1 as indicators favor bears.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT May 24
It looks like an ascending channel is close to completion. If price breaks below support, the resulting move could predict a further move down. LTC/USD to head towards 90.5.

Bitcoin: Symmetrical Triangle

BTC/USD, 1 hour    LONG Jan 1
It seems like a symmetrical triangle has been diagnosed and the price asks for a next move as a signal of a breakout. If price breaks through the resistance, the resulting move could identify the more likely potential of rising prices. BTC/USD embarks on a bullish correction towards the 42800 level.

Litecoin: Descending Channel

LTC/USD, 1 hour    LONG Dec 22
There is a descending channel taking place, the price is breaking out. In case if price breaks out to the the upside, the move could predict the bears have run out of steam. LTC/USD to accomodate towards the 71.5 zone as the mood may improve.

Ripple: Descending Channel

XRP/USD, 1 hour    LONG Mar 21
There is a descending channel exposed, the price is ready to break out now. A descending channel often results in that the price will rally further if price breaks above resistance. It is likely that a rangebound to 0.39 will occur on a breach of 0.387 as XRP/USD is at a brink of a bullish breakout.
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