Open:
High:
Low:
Close:
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant recognized, the price is ready to break out now.
A pennant typically spots an extension in the upward direction when price breaks out.
Btcusd does not rule out a move to 90000.
PENNANT
Litecoin
LTC/USD
4H
We can see that a pennant happens, ltcusd needs a more strong move for clear breakout confirmation.
In case if price breaks down, the move could predict prices are likely to keep falling downward.
Ltcusd pulls away from recent highs towards 67.
ASCENDING TRIANGLE
Ripple
XRP/USD
1H
An ascending triangle has been uncovered and the price is breaking out.
An ascending triangle results in a bearish price move in case if price breaks below support.
Xrpusd set to accelerate its decline to 1.9 as there is a chance for a downside correction.
ASCENDING TRIANGLE
Cardano
ADA/USD
1H
There is an ascending triangle discovered, adausd needs a bigger correction as an indication of a breakout.
An ascending triangle often results in an extension in the downward direction in case if price breaks through the support.
There is a probability of corrective downside towards the 0.355 zone while below 0.359 as gains remain capped.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
A descending triangle comes out and ltcusd requires a bigger bullish move to confirm descending triangle breakout.
A descending triangle often indicates a bullish move once price breaks above resistance.
Ltcusd risks a move to 69 on a breakout of the descending triangle.
PENNANT
Bitcoin
BTC/USD
4H
It seems like btcusd shows a pennant and the price is close to breaking out.
When price breaks through the support, the resulting move could indicate a sharp decline.
Decline towards 89000 is a possibility on a downside break.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see a descending triangle is close to being done.
A descending triangle often predicts a sharp rise if price breaks out.
There is a possibility of a bullish run towards 2980 on a upside break as minor hurdle remains at 2965.
DESCENDING TRIANGLE
Cardano
ADA/USD
1H
There is a descending triangle arising and the price is close to breaking out now.
If price breaks through the resistance, the resulting move could signal that the price to go long.
There is a probability of a bullish run towards 0.365.
RISING WEDGE
Ethereum
ETH/USD
1H
As we can see a rising wedge is almost finished.
If price breaks out, the move could spot that the price to go short.
Ethusd to extend the correction lower towards 2940 on a breach of 2960 amid rising bets for the move.
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