Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is found and the price is breaking out.
An ascending channel is a reliable price action formation that predicts a move down if price breaks through the support.
Btcusd risks suffer setback to the 78000 zone on a breach of 78200 as the cryptocurrency becomes depressed.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price gives an ascending triangle.
If price breaks out, the resulting move could predict a bullish price move.
Ethusd could attempt a move towards the 2540 zone on a breakout of the ascending triangle.
BULLISH FLAG
Cardano
ADA/USD
4H
A bullish flag has been recognized and the price breaks out now.
A bullish flag is considered to be a bullish chart pattern with a downward bias that signals the bears have run out of steam if price breaks above resistance.
It is not ruled out that a bullish move to 0.215 will occur on a breach of 0.212.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
A descending channel is determined.
If price breaks above resistance, the resulting move could spot that prices move counter to the prevailing price trend.
Bchusd to continue higher towards the 224 zone on a breach of 223.5.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
We can see that an ascending channel develops.
An ascending channel is considered to be a reliable bearish signal that results in a sharp decline when price breaks out.
Ltcusd still risks a move to 53.
RISING WEDGE
Litecoin
LTC/USD
4H
We can see that a rising wedge is discovered, the price is breaking out.
A rising wedge depicts a technical price action formation that has an upward slope that often results in price heading to a new direction when price breaks down.
Ltcusd turns bearish towards 53 as ltcusd probes 53.6 hurdle.
DESCENDING CHANNEL
Cardano
ADA/USD
1H
There is a descending channel taking place and the price is close to breaking out.
In case if price breaks out, the move could signal a temporary interruption during a falling market.
There is a possibility of a further bullish run to 0.21.
DESCENDING CHANNEL
Ripple
XRP/USD
4H
We can see that a descending channel is close to being completed, xrpusd demands a steady move as an information of a breakout.
A descending channel often signals a bearish-to-bullish trend reversal if price breaks out.
Xrpusd to move upward to the 1.4 zone as outlook for the cryptocurrency stays positive.
RECTANGLE
Ripple
XRP/USD
1H
A rectangle is very close to being completed and xrpusd demands a more steady move as evidence of a breakout.
A rectangle often results in the bears have run out of steam if price breaks out to the the upside.
A bullish run towards the 1.38 mark is going to happen.
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