Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
A descending channel pops up, the price asks for a bit more consolidation as evidence of a breakout.
A descending channel identifies a specific price indicator that is used to predict a sharp rise in case if price breaks through the resistance.
Bchusd to peak towards the 428 zone as uptrend may continue.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
As we can see a descending triangle is close to being complete and the price expects a strong bearish impulse as proof of a breakout.
If price collapses through the support line, the move could signal a bearish price move.
Corrective downside towards 436 is on the cards.
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
4H
An ascending triangle is found, the price is breaking out.
An ascending triangle indicates prices are likely to keep falling downward once price breaks below support.
Bchusd could recede to the 435 zone on a break below 438.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
A rising wedge develops.
A rising wedge describes a useful pattern that predicts a bearish price action when price breaks below support.
There is a probability of extra downside towards the 438 mark as bchusd loses bullish momentum.
PENNANT
Bitcoin Cash
BCH/USD
1H
There is a pennant diagnosed, the price breaks out.
In case if price breaks out, the resulting move could predict a bullish price move.
There is a probability of a rangebound to the 446 level on a breach of 444.5.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It seems like an ascending channel is nearing completion and bchusd expects a bigger correction for clear breakout confirmation.
In case if price breakdown occurs, the move could spot that the price to go short.
A bearish move towards 436 is not ruled out on a break below 437.
BULLISH FLAG
Bitcoin Cash
BCH/USD
1H
We can see that a bullish flag is very close to being finished.
A bullish flag spots a countertrend succeeding the current trend once price breaks out to the the upside.
It is likely that a bullish price action towards the 445 mark will be made on a breakout of the bullish flag.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
A rectangle turns up.
When price breakdown occurs, the resulting move could spot a sharp decline.
There is a chance of decline towards the 438 mark.
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
4H
An ascending triangle appears and the price is going to break out now.
An ascending triangle typically results in a further move down when price collapses through the support line.
Bchusd to turn bearish towards the 440 zone on a breach of 440.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.