Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle comes out and the price expects a bullish action as an indication of a breakout.
A rectangle is considered to be a chart formation that is used to spot a bullish move in case if price breaks above resistance.
Btcusd advances higher to the 77600 mark.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel turning up, the price wants strong rise as evidence of a breakout.
A descending channel is said to depict a reliable bullish chart pattern with a downward bias that is used to indicate a downward trend is about to reverse into an upnward trend in case if price breaks above resistance.
A move towards 2520 is a possibility.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel arising, the price lacks a bigger move to confirm descending channel breakout.
When price breaks above resistance, the move could predict a change in the prevailing trend.
Bchusd targets a move to 226 on a breach of 224 as minor hurdle remains at 224.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
A descending channel is very close to being finished, the price expects a more move as an information of a breakout.
A descending channel provides a specific bullish price action formation with a downward bias that often signals that the price to go up if price breaks through the resistance.
It is possible that a rangebound towards 1.37 will be made while above 1.364.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
We can see that the price completes an ascending channel, ltcusd demands an active move for clear breakout confirmation.
An ascending channel predicts extending an downtrend in case if price collapses through the support line.
Ltcusd risks extending drop to 53.5 as the cryptocurrency nears 53.8 hurdle.
RECTANGLE
Cardano
ADA/USD
1H
It seems like a rectangle has been found and the price demands more strong push down to confirm a breakout.
A rectangle typically indicates a bearish move if price breaks through the support.
Adausd could attempt a move towards the 0.203 level on impulse below 0.203.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel coming out.
A descending channel typically signals a temporary interruption of an existing trend once price breaks out to the the upside.
Ethusd to grind higher towards 2520 on impulse above 2510 as the cryptocurrency becomes supported.
DESCENDING CHANNEL
Ripple
XRP/USD
1H
There is a descending channel found, the price is going to break out now.
A descending channel results in a bullish move once price breaks out to the the upside.
There is a possibility of a bullish move to 1.36.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see a descending channel happens, the price asks for a bit more consolidation to confirm descending channel breakout.
A descending channel represents a price action signal that signals that the price to go up when price breaks through the resistance.
Ethusd could attempt a move towards 2520 on a breakout of the descending channel.
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