Open:
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DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
4H
A descending triangle appears and the price is breaking out.
A descending triangle often results in a bullish price action in case if price breaks out.
Bchusd does not rule out a move towards 310 as downside pressure alleviates.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
It looks like an ascending channel is close to being done, bchusd demands an active correction for the certainty of breakdown.
An ascending channel is believed to be a technical bearish price action signal that can be used to indicate a further move down if price breaks through the support.
There is a probability of a bearish run to 302 once below 303.5 as the cryptocurrency is at a brink of a bearish breakout.
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
There is an ascending triangle taking place and bchusd requests a more move as a sign of a breakout.
Once price breaks through the support, the resulting move could spot a further move down.
Bchusd challenges a move to 302.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
There is a descending triangle forming and the price lacks a further bigger bullish action as a clue of a breakout.
A descending triangle provides a chart formation that often signals an extension in the upward direction in case if price breaks above resistance.
Bchusd to extend its rebound towards the 306 mark on a breach of 304.5.
BEARISH FLAG
Bitcoin Cash
BCH/USD
1H
There is a bearish flag uncovered, the price is about to break out soon.
A bearish flag is said to depict a reliable bearish price action formation that is used to indicate the more likely potential of falling prices when price breaks out.
There is a chance of a further bearish continuation to the 295 zone as bchusd becomes depressed.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
4H
There is a descending triangle emerging.
A descending triangle is believed to be a useful signal that identifies a bearish move in case if price collapses through the support line.
Bchusd still risks a move to the 340 zone as there is a chance of further weakness.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel turning up, the price is ready to break out now.
An ascending channel is said to depict a useful price pattern that is used to identify a move down once price collapses through the support line.
It is likely that a bearish continuation to 345 will occur on a breach of 347.
RECTANGLE
Bitcoin Cash
BCH/USD
1H
There is a rectangle turning up, the price is ready to break out.
A rectangle indicates the bears have run out of steam when price breaks above resistance.
A further move to 354 is on the cards on a breakout of the rectangle as bulls lurking in demand zone.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
The price builds a descending triangle.
If price breaks out, the resulting move could signal a bullish price move.
Bchusd to accomodate to the 355 mark on impulse above 352.
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