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FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
There is a falling wedge occuring.
A falling wedge can be thought of as a reliable price formation with a downward bias that signals a next move up in case if price breaks above resistance.
There is a probability of a bullish push up to the 262 level amid bchusd reclaims part of the ground lost.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
It looks like a descending triangle has been recognized and the price is ready to break out.
In case if price breakdown occurs, the resulting move could spot a further move down.
It is not ruled out that a move to 254 will occur.
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
An ascending triangle is almost finished, the price is going to break out now.
When price breaks out, the move could indicate prices are likely to keep falling downward.
A bearish run to 255 is likely to happen on a breach of 257 as the cryptocurrency sticks to the negative mood.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It looks like a descending channel has been determined, bchusd lacks a next move for clear breakout confirmation.
A descending channel represents a specific signal that can be used to identify a temporary interruption of an existing trend if price breaks out.
Bchusd challenges a move to the 255 level on a breakout of the descending channel.
BEARISH FLAG
Bitcoin Cash
BCH/USD
4H
A bearish flag turns up, the price is breaking out.
A bearish flag tends to be a specific bearish formation with an upward bias that is used to signal a bearish price action in case if price breaks through the support.
Bchusd risks potential downside towards the 245 level.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel happening and the price lacks pullback for clear breakout confirmation.
An ascending channel indicates an extension in the downward direction if price breakdown occurs.
It is not ruled out that a bearish run to the 250 zone will occur on a breakout of the ascending channel.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
There is a rectangle arising and the price breaks out.
If price breaks through the resistance, the move could spot a bullish price move.
It is not ruled out that a move towards the 252 mark will occur on a breakout of the rectangle.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
It looks like the price shows a rectangle and the price is about to break out.
A rectangle provides an indicator that results in a next move up in case if price breaks out to the the upside.
There is a possibility of a bullish run towards the 252 zone as bchusd is at a brink of a bullish breakout.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
4H
It seems like a descending triangle materializes, bchusd requests a more steady move as a clue of a breakout.
A descending triangle often spots extending an uptrend if price breaks above resistance.
Bchusd aims to complete a retracement towards the 250 zone.
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