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DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
We can see that a descending channel appears, the price demands a more strong move as a clue of a breakout.
A descending channel describes a bullish price pattern that is angled down that typically identifies a move up if price breaks through the resistance.
Bchusd could attempt a move to the 598 zone on a breakout of the descending channel.
ASCENDING CHANNEL
Ripple
XRP/USD
1H
It looks like an ascending channel has been exposed.
Once price breakdown occurs, the move could identify prices are likely to keep falling downward.
Xrpusd hints a change to the downside to 1.9 on a breakout of the ascending channel.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel has been observed, the price needs a more strong move for clear breakdown confirmation.
An ascending channel represents a technical pattern with an upward bias that can be used to identify that the price to go short if price breakdown occurs.
Btcusd risks suffer setback to the 89000 zone as extra rangebound not ruled out.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It looks like a descending channel happens.
A descending channel results in a move up when price breaks out.
There is a chance of a bullish run towards the 600 zone.
PENNANT
Ripple
XRP/USD
4H
There is a pennant occuring, the price demands a further bearish continuation as an indication of a breakout.
A pennant denotes a price signal that often predicts a further move down once price breaks out.
A rangebound towards 1.85 is on the way on a breakdown of the pennant.
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge revealed, the price is about to break out.
A falling wedge can be thought of as a specific bullish chart pattern that is angled down that can be used to signal a potential reversal in price action in case if price breaks out to the the upside.
Ltcusd risks a move towards the 69 mark.
DESCENDING TRIANGLE
Litecoin
LTC/USD
4H
It looks like a descending triangle happens and the price requires a strong impulse up as a clue of a breakout.
A descending triangle often predicts that the price will rally further when price breaks above resistance.
Ltcusd risks a move towards 70 once above 68.5.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
There is a descending triangle developing, the price calls for a further strong move to confirm a breakout.
A descending triangle provides a reliable chart indicator that is used to spot a bullish price action once price breaks above resistance.
A further bullish push up to 600 is possible on impulse above 596.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
The price shows a descending triangle, the price is ready to break out now.
If price breaks below support, the resulting move could spot a sharp decline.
Bchusd set to lose more ground to 590 as there is room for a downside correction.
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