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PENNANT
Bitcoin
BTC/USD
4H
We can see that a pennant pops up.
A pennant is said to depict a bearish price action formation that is used to signal prices are likely to keep falling downward when price breaks out.
Btcusd challenges a move towards the 77000 mark once below 77400.
PENNANT
Bitcoin Cash
BCH/USD
1H
It seems like a pennant is revealed, the price expects a bit more consolidation as proof of a breakout.
A pennant results in a move up in case if price breaks out.
Bchusd to move up to the 382 mark.
DESCENDING TRIANGLE
Ripple
XRP/USD
4H
A descending triangle has been identified, the price is about to break out soon.
In case if price breaks below support, the resulting move could identify that the price to go down.
A bearish run towards 1.34 about to be made once below 1.35.
PENNANT
Cardano
ADA/USD
1H
We can see that a pennant has been uncovered and the price is ready to break out.
A pennant describes a compelling bullish pattern that is used to signal a sharp rise once price breaks through the resistance.
It is not ruled out that a further rangebound towards the 0.254 mark will be made as the cryptocurrency probes 0.252 hurdle.
SYMMETRICAL TRIANGLE
Ripple
XRP/USD
1H
A symmetrical triangle is distinguished and the price is ready to break out.
A symmetrical triangle is believed to be a bearish price indicator that results in an extension in the downward direction if price breaks out.
Xrpusd to resume its downfall towards 1.355 while below 1.36.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
A descending triangle has been recognized, the price wants a more move as a clue of a breakout.
A descending triangle represents a price pattern that can be used to signal extending an uptrend once price breaks out.
Ltcusd to have better chances of advancing to the 54.6 level.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
A rising wedge materializes and the price needs a more strong move as a sign of a breakout.
In case if price collapses through the support line, the move could indicate a next move down.
Bchusd embarks on a bearish correction towards 378 as bchusd nears 379 hurdle.
BEARISH FLAG
Bitcoin Cash
BCH/USD
1H
There is a bearish flag exposed, bchusd requires a further bearish action as a verification of a breakout.
A bearish flag is considered to be a useful bearish chart indicator that often identifies a bearish price action once price breaks down.
It is likely that decline to 375 will happen.
DESCENDING TRIANGLE
Litecoin
LTC/USD
4H
A descending triangle materializes, the price is ready to break out.
When price breaks through the resistance, the resulting move could identify that the price to go up.
It is likely that a bullish continuation to 54.5 will be made.
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