Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
An ascending channel is close to being finished.
An ascending channel represents a bearish price action signal that often spots a temporary interruption during a rising market when price breaks out to the the downside.
Bchusd to continue the dereciation trend to 465 as bchusd becomes weak.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd sets up an ascending channel and the price requires a further strong move as an indication of a breakout.
An ascending channel is believed to be a specific bearish price pattern that identifies a bearish move if price breaks out.
Btcusd turns bearish towards the 71000 level.
RISING WEDGE
Litecoin
LTC/USD
1H
A rising wedge is very close to being completed.
A rising wedge typically identifies a further move down once price breakdown occurs.
It is possible that a bearish price action towards 56.2 will be made on a breach of 56.2.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
A rectangle is close to completion and bchusd wants a further steady move to confirm rectangle breakout.
A rectangle identifies that the price to go short if price breaks down.
Bchusd to suffer further downside towards 470 as the cryptocurrency is at a brink of a bearish breakout.
ASCENDING CHANNEL
Cardano
ADA/USD
1H
We can see that an ascending channel happens.
Once price breaks below support, the move could predict a bearish price action.
Adausd set to extend its decline towards 0.265 as adausd becomes weak.
RISING WEDGE
Ethereum
ETH/USD
4H
It looks like a rising wedge is detected and the price breaks out soon.
If price breaks below support, the resulting move could signal price reversal after a pause.
Ethusd tests a move to the 2100 mark on a breakdown of the rising wedge.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge exposed and the price is ready to break out.
A rising wedge identifies a change in the prevailing trend if price breaks through the support.
Xrpusd set to plunge towards 1.4 on a breakout of the rising wedge.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel has been detected and the price is about to break out now.
An ascending channel results in a temporary interruption of an existing trend when price breaks down.
There is a possibility of decline to 2140.
RECTANGLE
Litecoin
LTC/USD
4H
A rectangle forms.
A rectangle denotes a bullish price action indicator that is used to spot that the price will rally further if price breaks out to the the upside.
Ltcusd to prolong the growth phase towards 57 on a breach of 56.6.
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