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BEARISH RECTANGLE
Ripple
XRP/USD
4H
The price establishes a bearish rectangle.
A bearish rectangle often signals a sharp decline in case if price breaks out.
There is a probability of a bearish run to 1.86 on a breach of 1.885.
DESCENDING TRIANGLE
Cardano
ADA/USD
4H
There is a descending triangle spotted and the price is ready to break out now.
A descending triangle spots prices are likely to keep falling downward if price breaks below support.
There is a chance of extra downside to 0.345 on a breach of 0.35.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel appears and the price is about to break out.
An ascending channel denotes a chart pattern that often predicts a next move down if price breakdown occurs.
Ltcusd to prolong the corrective phase to 67 as there is a chance for a downside correction.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been found, the price asks for further rise as a verification of a breakout.
A descending channel depicts a specific pattern with a downward bias that indicates an interruption of a downtrend if price breaks above resistance.
Btcusd looks ready to further extend its gains to 89000.
FALLING WEDGE
Cardano
ADA/USD
1H
There is a falling wedge appearing.
In case if price breaks out, the move could indicate a change in the prevailing trend.
There is a probability of a bullish price action towards the 0.365 mark on a breach of 0.359.
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge encountered, the price asks for a further active move as an indication of a breakout.
A falling wedge often spots a downward trend is nearing its end when price breaks out to the the upside.
Ltcusd to have better chances of advancing to 68.8 on a breakout of the falling wedge as bulls seeking a new high.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
There is an ascending channel discovered, the price needs a strong move to confirm ascending channel breakdown.
In case if price breaks below support, the move could indicate a trend change to the downside.
There is a possibility of corrective downside to the 580 level on impulse below 588 as the cryptocurrency becomes under pressure.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel taking place and bchusd requests a next active correction as evidence of a breakdown.
An ascending channel is considered to be a reliable price formation that often signals that the price to go short when price collapses through the support line.
There is a probability of a bearish price action to the 588 mark while lower than 590 as the cryptocurrency keeps the bid tone.
RECTANGLE
Bitcoin
BTC/USD
1H
It seems like a rectangle pops up, the price requires a strong move as a sign of a breakdown.
A rectangle typically spots a sharp decline once price collapses through the support line.
Btcusd challenges a move towards the 88800 mark on a break below 88900.
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