An ascending channel is close to completion, BTC/USD expects a more strong bearish impulse as an information of a breakdown.
An ascending channel represents a bearish formation that often spots a bearish price move when price breaks down.
There is a possibility of a bearish continuation towards the 93500 mark on a breakout of the ascending channel as indicators turn bearish.
Litecoin: Ascending Channel
LTC/USD,
1 hour SHORT
Jan 2
12:00202412:00 212:00 3 4 5636465666768697071727374757677↓ resistance ↓↑ support ↑breakoutPatterns.ccLTC/USD · 1H · 2 Jan 2024
It looks like an ascending channel is revealed and LTC/USD requires next active fall as a clue of a breakdown.
An ascending channel represents a useful bearish price action formation with an upward bias that is used to predict price heading to a new direction in case if price breakdown occurs.
LTC/USD risks further downside towards 72 once below 73.2 as LTC/USD probes 73.2 hurdle.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour SHORT
Jun 23
2212:002312:002462,20062,40062,60062,80063,00063,20063,40063,60063,80064,00064,20064,40064,600↓ resistance ↓↑ support ↑breakoutPatterns.ccBTC/USD · 1H · 23 Jun 2024
There is an ascending triangle turning up, the price wants a bigger correction to confirm a breakdown.
An ascending triangle is believed to be a useful price action formation that is used to predict a sharp decline once price breaks down.
It is likely that corrective downside to the 64300 zone will take place on a breakout of the ascending triangle as bears seeking a new low.
Ethereum: Ascending Channel
ETH/USD,
1 hour SHORT
Jan 7
412:00 512:00 612:00 712:00 83,3003,3503,4003,4503,5003,5503,6003,6503,7003,750↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 7 Jan 2025
There is an ascending channel forming.
An ascending channel indicates a break during an uptrending market if price collapses through the support line.
It is possible that a bearish run towards the 3640 zone will form as the cryptocurrency keeps the bid tone.
Cardano: Ascending Channel
ADA/USD,
4 hours SHORT
Mar 28
20250.620.630.640.650.660.670.680.690.700.710.720.730.740.750.760.770.78↓ resistance ↓↑ support ↑breakoutPatterns.ccADA/USD · 4H · 28 Mar 2025
There is an ascending channel encountered.
An ascending channel depicts a specific indicator that is used to identify a move down in case if price breakdown occurs.
It is possible that a bearish push down towards the 0.7 level will occur as the mood may get worse.
We can see that an ascending triangle is close to being complete and the price is ready to break out.
An ascending triangle is considered to be a technical bullish price action formation that is used to indicate a further move up if price breaks out.
BTC/USD to continue higher towards 27800 as the cryptocurrency challenges 27650 hurdle.
Litecoin: Descending Channel
LTC/USD,
1 hour LONG
Jun 29
2712:002812:002912:003080828486889092949698100102104↓ resistance ↓↑ support ↑breakoutPatterns.ccLTC/USD · 1H · 29 Jun 2023
There is a descending channel occuring.
A descending channel is considered to be a bullish price signal that can be used to spot that prices are likely to keep rallying upward in case if price breaks out.
LTC/USD to look for a further push towards 86 as the cryptocurrency sticks to the positive mood.
Ethereum: Ascending Triangle
ETH/USD,
1 hour SHORT
Jun 5
312:00 412:00 512:001,7601,7701,7801,7901,8001,8101,8201,8301,8401,8501,8601,8701,8801,8901,9001,9101,920↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 5 Jun 2023
An ascending triangle is distinguished, the price is ready to break out.
An ascending triangle is a technical price action indicator that results in that the price to go short once price breaks out to the the downside.
There is a chance of a bearish price action to the 1895 zone while lower than 1896.
As we can see an ascending channel appears and the price requests a next steady move as a verification of a breakout.
An ascending channel can be thought of as a useful signal that is used to spot a break in the price direction in case if price breaks out.
LTC/USD tests a move to the 74.5 mark on a breach of 75.
An ascending triangle pops up and the price demands bigger fall as a signal of a breakout.
An ascending triangle typically results in a bearish price action in case if price collapses through the support line.
ETH/USD turns lower to 1800.
There is an ascending triangle uncovered, XRP/USD expects further steady fall as an information of a breakout.
An ascending triangle suggests a compelling bearish chart signal that is used to predict prices are likely to keep falling downward in case if price breaks out.
It is likely that a bearish move to 0.6 will be made amid rising bets for the move.
Ripple: Descending Channel
XRP/USD,
1 hour LONG
Jan 10
12:00 912:001012:001112:000.5400.5450.5500.5550.5600.5650.5700.5750.5800.5850.5900.5950.6000.6050.6100.6150.6200.6250.630↓ resistance ↓↑ support ↑breakoutPatterns.ccXRP/USD · 1H · 10 Jan 2024
It seems like a descending channel has been noticed.
When price breaks out to the the upside, the move could signal that the price to go up.
It is not ruled out that a further move to the 0.575 mark will form on a breach of 0.57.
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