Open:
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DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
A descending channel is noticed, the price lacks a strong move as an indication of a breakout.
A descending channel is considered to be a reliable indicator that can be used to indicate a bullish move if price breaks out to the the upside.
A bullish price action towards 525 is likely.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
There is a descending triangle encountered.
A descending triangle describes a bearish signal that can be used to predict extending an downtrend in case if price collapses through the support line.
Bchusd embarks on a bearish correction towards the 510 zone.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel found.
A descending channel is said to depict a reliable chart indicator that typically signals a bullish move if price breaks out to the the upside.
There is a possibility of a bullish price action to 530.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel distinguished, bchusd expects a bearish action as a sign of a breakdown.
An ascending channel represents a compelling bearish chart signal that can be used to identify a move down in case if price breaks out to the the downside.
Bchusd to extend its slide towards 515 once below 521.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1D
It looks like a descending channel is almost finished and the price is ready to break out soon.
When price breaks out, the move could predict a downward trend is nearing its end.
A bullish move to the 550 zone stays on the cards.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
As we can see a falling wedge is almost finished, the price calls for a next bigger bullish move for clear breakout confirmation.
A falling wedge signals that the price to go up if price breaks through the resistance.
There is a chance of a bullish push up to 530 on impulse above 526.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
A descending triangle develops and the price calls for a next move as a signal of a breakout.
When price breaks below support, the resulting move could signal that the price to go down.
A further bearish continuation to 515 is a possibility while lower than 518 as door open for a test of 515.
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
There is an ascending triangle materializing.
In case if price breaks down, the move could spot a bearish price action.
Bchusd challenges a move to 525 on a breakout of the ascending triangle.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel exposed and the price is going to break out.
An ascending channel is a useful chart pattern that is angled up that often identifies that the price to go short in case if price breaks through the support.
It is not ruled out that a bearish push down to 520 will be made.
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