Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
We can see that an ascending triangle turns up and the price is close to breaking out.
An ascending triangle denotes a technical formation that can be used to signal the bears have run out of steam once price breaks out.
There is a chance of a further bullish push up towards 199 on a upside break as the cryptocurrency resumes the upside.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
There is a falling wedge poping up and bchusd calls for a bit more consolidation as evidence of a breakout.
A falling wedge suggests a bullish chart signal that is used to signal the more likely potential of rising prices if price breaks through the resistance.
Bchusd to look for a further push to the 200 level on a upside break as downside pressure mitigates.
SYMMETRICAL TRIANGLE
Bitcoin Cash
BCH/USD
4H
A symmetrical triangle is distinguished and bchusd lacks a next move as a clue of a breakout.
A symmetrical triangle often predicts a bearish move if price breaks down.
Decline to 205 is not ruled out.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
We can see that a descending channel is determined, the price needs an active move as an indication of a breakout.
A descending channel tends to be a chart signal that can be used to spot a move up once price breaks through the resistance.
Bchusd to peak towards 220 as the cryptocurrency is at a brink of a bullish breakout.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
There is a rectangle happening.
A rectangle signals a bearish move in case if price breakdown occurs.
Decline to the 210 mark looks likely on a breakout of the rectangle as bchusd becomes depressed.
BULLISH FLAG
Bitcoin Cash
BCH/USD
1H
A bullish flag appears and the price is close to breaking out now.
Once price breaks out to the the upside, the move could signal a bullish price action.
Bchusd to extend its rebound towards 220 as bchusd is at a brink of a bullish breakout.
BEARISH FLAG
Bitcoin Cash
BCH/USD
4H
As we can see a bearish flag takes place and the price requires next active push down to confirm bearish flag breakout.
A bearish flag often predicts a pause in an uptrending market in case if price breakdown occurs.
A further bearish price action towards 200 is a possibility.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1D
A descending channel appears, the price is about to break out.
A descending channel tends to be a reliable price formation that can be used to spot a further move up in case if price breaks out.
A bullish run to the 250 zone looks probable.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel emerging.
In case if price breaks out, the resulting move could indicate that the price will rally further.
Bchusd turns bullish towards the 210 mark.
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