Open:
High:
Low:
Close:
RECTANGLE
Ripple
XRP/USD
1H
We can see that a rectangle is noticed.
A rectangle is considered to be a technical chart signal that is used to spot an extension in the downward direction when price breaks through the support.
A move to the 1.36 mark is about to happen as bearish momentum increases.
ASCENDING CHANNEL
Cardano
ADA/USD
1H
It looks like adausd forms an ascending channel and the price expects next bigger fall to confirm a breakout.
An ascending channel is said to depict a bearish price action indicator that typically signals that the price to go down once price breaks down.
Adausd to extend its setback to 0.247 on a downside break as the cryptocurrency becomes weaker.
RISING WEDGE
Ripple
XRP/USD
1H
There is a rising wedge poping up, the price wants a further move as an information of a breakout.
A rising wedge tends to be a signal that is used to identify a trend change to the downside if price breaks through the support.
A bearish move towards the 1.36 zone looks possible as the cryptocurrency is at a brink of a bearish breakout.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel distinguished.
An ascending channel identifies a bearish chart indicator that can be used to signal that the price to go short when price breakdown occurs.
A further bearish price action to the 53.8 level is going to happen.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
An ascending triangle turns up, ltcusd expects a bigger move as evidence of a breakdown.
An ascending triangle often indicates an extension in the downward direction once price collapses through the support line.
Ltcusd could attempt a move to 54 on a breakout of the ascending triangle as there is a chance for a downside correction.
BEARISH RECTANGLE
Cardano
ADA/USD
4H
A bearish rectangle comes out and adausd requires active pullback as a clue of a breakdown.
When price breakdown occurs, the move could signal a sharp decline.
There is a chance of a bearish move to 0.246.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge found, ethusd asks for a bigger bearish move as an indication of a breakout.
A rising wedge describes a bearish price indicator that is used to identify a bearish price action once price breaks down.
Ethusd still risks a move to 2120.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle is close to completion, the price requires a strong move as a clue of a breakout.
Once price breaks out to the the upside, the resulting move could spot the more likely potential of rising prices.
A rangebound towards 2150 is a possibility on a break above 2144 as ethusd is at a brink of a bullish breakout.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It seems like a descending channel is very close to being completed, the price is going to break out now.
A descending channel is a bullish price action pattern that can be used to identify a bullish move once price breaks through the resistance.
It is likely that a rangebound to 380 will form on impulse above 375.
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