Open:
High:
Low:
Close:
RECTANGLE
Bitcoin
BTC/USD
1H
It seems like a rectangle pops up, the price requires a strong move as a sign of a breakdown.
A rectangle typically spots a sharp decline once price collapses through the support line.
Btcusd challenges a move towards the 88800 mark on a break below 88900.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle observed.
An ascending triangle depicts a useful bearish chart signal that can be used to predict a bearish price move once price breaks through the support.
Btcusd risks extra losses towards the 89000 level on a breakdown of the ascending triangle as gains remain capped.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant recognized, the price is ready to break out now.
A pennant typically spots an extension in the upward direction when price breaks out.
Btcusd does not rule out a move to 90000.
PENNANT
Bitcoin
BTC/USD
4H
It seems like btcusd shows a pennant and the price is close to breaking out.
When price breaks through the support, the resulting move could indicate a sharp decline.
Decline towards 89000 is a possibility on a downside break.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel has been observed, the price needs a more strong move for clear breakdown confirmation.
An ascending channel represents a technical pattern with an upward bias that can be used to identify that the price to go short if price breakdown occurs.
Btcusd risks suffer setback to the 89000 zone as extra rangebound not ruled out.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle is close to being finished and the price is ready to break out.
If price breaks out to the the upside, the move could spot an extension in the upward direction.
It is possible that a bullish price action to 90500 will form on impulse above 90000 as weakness seen overdone.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is almost done.
When price breaks through the resistance, the resulting move could spot that the price to go up.
There is a possibility of a bullish push up towards 90500.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant forming, the price is ready to break out now.
When price breaks out, the resulting move could identify the bulls have run out of steam.
Btcusd to slump towards 89000 once below 89200 amid the cryptocurrency recedes from recent highs.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like a descending channel is close to being finished, btcusd lacks a more move to confirm a breakout.
A descending channel often identifies a further move up in case if price breaks out.
Btcusd to turn bullish towards the 90000 zone once beyond 89600.
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