Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
There is a descending channel taking place and the price is about to break out now.
A descending channel provides a specific bullish price action indicator that often identifies a bearish-to-bullish trend reversal once price breaks out.
Bchusd risks a move to 480 on a breach of 475.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel exposed, bchusd requests a further move as a verification of a breakout.
In case if price breaks out, the resulting move could spot a downward trend is nearing its end.
It is not ruled out that a bullish price action to 472 will form while above 471 as door open for a test of 472.
ASCENDING CHANNEL
Litecoin
LTC/USD
4H
The price composes an ascending channel.
An ascending channel is believed to be a price action signal that is used to indicate that the price to go down when price collapses through the support line.
A further move to 53 looks possible as ltcusd loses bullish momentum.
ASCENDING CHANNEL
Cardano
ADA/USD
4H
An ascending channel is close to being completed, the price is close to breaking out now.
An ascending channel signals extending an downtrend when price breaks out.
A bearish move to 0.245 is on the cards on impulse below 0.25 amid rising bets for the move.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is almost finished and ethusd calls for a further move to confirm a breakout.
A falling wedge tends to be a useful price action pattern that is used to predict price heading to a new direction when price breaks above resistance.
There is a probability of a bullish continuation to 2080 on a breakout of the falling wedge as ethusd sticks to the positive mood.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It looks like a descending channel has been revealed.
A descending channel typically identifies a pause in a downtrending market if price breaks out.
It is possible that a further bullish run towards 475 will occur on a breach of 469 amid rising bets for the move.
RECTANGLE
Bitcoin Cash
BCH/USD
4H
There is a rectangle arising, the price breaks out soon.
A rectangle is believed to be a specific bearish formation that often indicates prices are likely to keep falling downward in case if price breaks through the support.
Bchusd to extend its setback towards 455 on a breach of 459.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel diagnosed.
A descending channel is a reliable price indicator that is used to predict that the price to go long when price breaks out.
Btcusd dives out bearish trendline to 69500 as risk reversal sheds bearish bias.
BULLISH FLAG
Ripple
XRP/USD
1H
A bullish flag is close to completion.
A bullish flag often predicts a bullish price action once price breaks out to the the upside.
It is likely that a rangebound to the 1.38 level will occur once beyond 1.37 as bulls look for entries.
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