Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin Cash
BCH/USD
4H
Bchusd builds a falling wedge and bchusd asks for a further active move for the certainty of breakout.
A falling wedge tends to be a compelling bullish chart indicator that can be used to identify a break during a downtrending market in case if price breaks out to the the upside.
There is a possibility of a bullish price action to 210 on impulse above 204.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
It seems like the price establishes a rectangle and the price needs a steady move for the certainty of breakout.
A rectangle predicts a next move up if price breaks through the resistance.
There is a possibility of a bullish push up to 204 on a breach of 202.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
A descending channel appears and the price requires a further steady bullish action as a signal of a breakout.
A descending channel often indicates that the price will rally further when price breaks out to the the upside.
Bchusd to strengthen towards the 202 zone on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel identified and the price is about to break out now.
A descending channel results in a temporary interruption during a falling market if price breaks out.
Bchusd to prolong the growth phase to 205 on a breakout of the descending channel as bchusd looks bid.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel exposed.
A descending channel depicts a reliable bullish chart formation that often indicates the bears have run out of steam in case if price breaks out.
It is not ruled out that a rangebound to the 205 level will form on a upside break.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel emerging.
In case if price breaks out, the resulting move could spot a sharp rise.
Bchusd does not rule out a move to 200 on a breach of 198 as bulls looking for upside correction.
PENNANT
Bitcoin Cash
BCH/USD
1H
A pennant arises, the price calls for an active impulse down as a signal of a breakout.
A pennant provides a technical price action signal that identifies a bearish price move in case if price breakdown occurs.
Bchusd looks for a setback towards the 200 level.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
An ascending channel is very close to being finished.
An ascending channel can be thought of as a compelling bearish pattern that is used to indicate a potential reversal in price action when price breaks down.
Bchusd risks potential downside to 215 as the cryptocurrency becomes weak.
RISING WEDGE
Bitcoin Cash
BCH/USD
1H
A rising wedge is very close to being completed, the price lacks an active move as a verification of a breakdown.
When price breaks out, the resulting move could signal a bearish price move.
A bearish continuation to the 220 mark is likely on a breach of 224.
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