Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Bitcoin Cash
BCH/USD
1H
It looks like a symmetrical triangle is almost completed.
A symmetrical triangle tends to be a bullish formation that is used to indicate a move up when price breaks out to the the upside.
There is a chance of a further bullish continuation to 252 on a breach of 251.5.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
There is a falling wedge coming out.
A falling wedge describes a specific chart signal that results in the more likely potential of rising prices when price breaks out.
Bchusd to increase bullish potential to 255 on a break above 251.
PENNANT
Bitcoin Cash
BCH/USD
1H
A pennant occurs.
A pennant represents a technical bearish price action signal that is used to spot that the price to go down when price breaks below support.
There is a chance of a move to 250 as bearish momentum increases.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
We can see that the price gives a rising wedge, the price is about to break out.
A rising wedge results in extending an downtrend once price breakdown occurs.
It is likely that a bearish run towards the 250 mark will occur on a breakdown of the rising wedge amid rising bets for the move.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
As we can see a rectangle is close to being complete and the price wants a bullish impulse as a verification of a breakout.
A rectangle often signals extending an uptrend once price breaks out.
Bchusd risks a move to 224.
FALLING WEDGE
Bitcoin Cash
BCH/USD
4H
There is a falling wedge poping up, bchusd asks for a further bigger bullish move as a sign of a breakout.
A falling wedge is a reliable price pattern that can be used to identify a bullish move when price breaks through the resistance.
Bchusd to surge considerably to 225 as weakness seen overdone.
PENNANT
Bitcoin Cash
BCH/USD
1H
It looks like a pennant forms.
A pennant often identifies an extension in the upward direction if price breaks through the resistance.
There is a possibility of a bullish price action towards 220 on a breakout of the pennant.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
Bchusd composes a falling wedge, bchusd calls for a steady move to confirm a breakout.
A falling wedge often predicts that the price to go up when price breaks out.
Bchusd points to the upside to the 225 zone once beyond 222.
FALLING WEDGE
Bitcoin Cash
BCH/USD
4H
A falling wedge is very close to being finished, bchusd demands further rise as an indication of a breakout.
A falling wedge is a bullish price action pattern that can be used to signal a break during a downtrending market in case if price breaks out.
There is a probability of a bullish price action to 230 as bulls look for entries.
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