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PENNANT
Bitcoin
BTC/USD
1H
We can see that a pennant appears.
A pennant suggests a reliable signal that can be used to predict a bullish price move when price breaks above resistance.
A bullish move towards the 76500 level is about to happen on a breakout of the pennant.
PENNANT
Bitcoin Cash
BCH/USD
1H
It looks like a pennant forms.
A pennant often identifies an extension in the upward direction if price breaks through the resistance.
There is a possibility of a bullish price action towards 220 on a breakout of the pennant.
FALLING WEDGE
Cardano
ADA/USD
1H
There is a falling wedge happening, the price breaks out.
A falling wedge represents an indicator that identifies that the price to go long when price breaks through the resistance.
It is likely that a bullish run towards the 0.196 mark will form as the mood may improve.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel arising and the price is close to breaking out now.
A descending channel is said to depict a compelling signal that often indicates a move up once price breaks out to the the upside.
Ltcusd to prolong the growth phase to 52 amid the cryptocurrency recovers from recent lows.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
It looks like a descending channel has been encountered and the price is about to break out soon.
A descending channel suggests a compelling price indicator that often indicates a bullish price move once price breaks through the resistance.
Ltcusd is bullish and en route to 52 on a upside break.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle poping up.
A descending triangle is a bullish price action formation that typically indicates a downward trend is about to reverse into an upnward trend if price breaks above resistance.
Ethusd embarks on a bullish correction towards 2420.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
We can see that a descending channel pops up.
When price breaks out, the resulting move could signal a move up.
It is not ruled out that a bullish price action towards the 0.2 mark will take place while above 0.194 as downside pressure seen easing.
PENNANT
Bitcoin
BTC/USD
1H
It seems like a pennant is close to completion, the price expects a strong move as an indication of a breakdown.
A pennant denotes a bearish price signal that can be used to indicate a bearish price move once price breaks through the support.
A rangebound to 75000 looks likely as btcusd becomes bearish.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle is almost done and ethusd needs a bigger impulse down to confirm descending triangle breakdown.
A descending triangle is considered to be a price action formation that typically spots prices are likely to keep falling downward in case if price breaks through the support.
There is a probability of a bearish push down towards the 2380 mark.
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