Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Bitcoin Cash
BCH/USD
4H
There is a symmetrical triangle detected, bchusd lacks a more bullish move as a verification of a breakout.
In case if price breaks out, the move could predict extending an uptrend.
Bchusd to accomodate to 206.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
A falling wedge pops up and bchusd expects strong push up as a signal of a breakout.
A falling wedge depicts a specific formation with a downward bias that results in a break during a downtrending market when price breaks out.
Bchusd turns higher towards 204.5.
SYMMETRICAL TRIANGLE
Bitcoin Cash
BCH/USD
4H
There is a symmetrical triangle taking place.
A symmetrical triangle can be thought of as a compelling bearish signal that can be used to signal a further move down if price collapses through the support line.
A bearish price action to 202 is likely.
PENNANT
Bitcoin Cash
BCH/USD
1H
It seems like a pennant has been exposed.
A pennant suggests a chart indicator that results in the more likely potential of falling prices when price collapses through the support line.
Bchusd to extend the fall to the 203 zone amid bchusd recedes from tops.
PENNANT
Bitcoin Cash
BCH/USD
4H
There is a pennant arising.
A pennant represents a chart signal that can be used to signal the more likely potential of rising prices if price breaks above resistance.
Bchusd to extend its advance towards 210.
PENNANT
Bitcoin Cash
BCH/USD
1H
It looks like bchusd gives a pennant.
If price breaks below support, the resulting move could signal an extension in the downward direction.
A rangebound to 203 about to be made on a breach of 203.6.
BEARISH FLAG
Bitcoin Cash
BCH/USD
1H
There is a bearish flag forming.
In case if price breaks out, the resulting move could indicate a bearish price action.
There is a probability of a rangebound towards 203.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
As we can see a descending channel is almost completed, bchusd demands further rise as evidence of a breakout.
In case if price breaks above resistance, the resulting move could spot a countertrend succeeding the current trend.
It is likely that a bullish run towards the 205 level will happen on a breakout of the descending channel as indicators turn bullish.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
A falling wedge is close to being complete.
A falling wedge tends to be a useful bullish chart pattern that has a downward slope that typically identifies a further move up once price breaks above resistance.
There is a probability of a move towards 205 on a breach of 204.2 as the wind continues blowing in favor of the cryptocurrency.
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