Open:
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Low:
Close:
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel spotted and the price is breaking out.
An ascending channel tends to be a reliable chart formation that often results in a next move down when price breaks out.
Ltcusd to plummet to the 53.6 mark on a breakout of the ascending channel.
ASCENDING CHANNEL
Cardano
ADA/USD
1H
There is an ascending channel diagnosed, the price wants a move for the certainty of breakout.
When price breaks out to the the downside, the resulting move could spot a bearish price move.
Adausd risks further decline towards the 0.246 level.
PENNANT
Bitcoin Cash
BCH/USD
1H
There is a pennant forming, the price demands a further bigger move as a signal of a breakdown.
A pennant represents a technical formation that can be used to identify that the price to go short once price breaks out.
A bearish push down towards 378 is on the cards on a downside break as door open for a test of 378.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is a descending triangle exposed.
A descending triangle typically identifies the more likely potential of falling prices once price collapses through the support line.
Corrective downside towards 2100 is not ruled out amid rising bets for the move.
BEARISH RECTANGLE
Cardano
ADA/USD
4H
We can see that adausd composes a bearish rectangle.
A bearish rectangle often spots a bearish move once price breaks out.
There is a possibility of a bearish continuation towards the 0.244 zone on a break below 0.246.
DESCENDING TRIANGLE
Litecoin
LTC/USD
4H
There is a descending triangle emerging.
When price breakdown occurs, the move could signal a next move down.
Ltcusd could drop to 53 on a breakout of the descending triangle as minor hurdle remains at 53.4.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
Ethusd establishes an ascending triangle and the price is breaking out.
In case if price breaks below support, the resulting move could identify a further move down.
Ethusd to suffer further downside towards 2110 on a breach of 2122.
RISING WEDGE
Cardano
ADA/USD
1H
As we can see a rising wedge is very close to being finished and adausd asks for a next move as an indication of a breakdown.
A rising wedge identifies a temporary interruption of an existing trend in case if price breaks below support.
There is a possibility of a bearish push down towards the 0.25 zone as adausd failes to keep gains.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
As we can see a symmetrical triangle comes out and the price breaks out.
When price breaks out to the the downside, the resulting move could predict prices are likely to keep falling downward.
It is likely that corrective downside towards the 77200 mark will form.
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