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DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is nearing completion and the price demands a bigger move as proof of a breakout.
A descending triangle typically spots a further move up if price breaks out.
Btcusd to prolong the growth phase to 90500 as the cryptocurrency challenges 90200 hurdle.
PENNANT
Bitcoin
BTC/USD
1H
A pennant develops and btcusd needs a strong move as an indication of a breakdown.
A pennant identifies extending an downtrend once price collapses through the support line.
Btcusd challenges a move to 90000 as the cryptocurrency is at a brink of a bearish breakout.
PENNANT
Bitcoin
BTC/USD
1H
It looks like a pennant is close to being completed and btcusd lacks a bigger move as a sign of a breakout.
A pennant typically results in a bullish price move if price breaks through the resistance.
Btcusd to strengthen to the 93000 level on a breakout of the pennant.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
As we can see an ascending channel is close to being completed and the price calls for a bearish impulse as a sign of a breakout.
When price breaks through the support, the move could predict that the price to go short.
Btcusd pulls away from recent highs to 89000.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel exposed and the price is close to breaking out now.
A descending channel is believed to be a bullish price action pattern with a downward bias that predicts that prices are likely to keep rallying upward in case if price breaks out.
Btcusd to extend its rebound to 92000 on a breakout of the descending channel as btcusd probes 90800 hurdle.
BULLISH FLAG
Bitcoin
BTC/USD
1H
A bullish flag arises, the price demands a further bigger bullish move as a sign of a breakout.
A bullish flag is said to depict a price action signal that results in the more likely potential of rising prices if price breaks through the resistance.
There is a chance of a bullish move to 91000 once beyond 90000 as btcusd challenges 90000 hurdle.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is close to being finished, btcusd requests a strong impulse down for clear breakdown confirmation.
An ascending channel provides a signal that indicates a break in the price direction in case if price breakdown occurs.
It is not ruled out that a rangebound towards 89000 will be made as bears look for entries.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant arising.
Once price breaks out to the the upside, the move could indicate a move up.
Btcusd could attempt a move to the 93000 zone.
PENNANT
Bitcoin
BTC/USD
1D
There is a pennant uncovered.
A pennant depicts a bullish price action pattern that spots an extension in the upward direction once price breaks out.
There is a probability of a bullish move towards the 95000 zone on a breach of 92000 as bulls looking for upside correction.
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