Open:
High:
Low:
Close:
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is revealed, the price is close to breaking out now.
When price breaks through the resistance, the resulting move could predict that prices are likely to keep rallying upward.
Btcusd challenges a move towards the 96000 zone.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like a falling wedge comes out, the price is ready to break out now.
A falling wedge is a bullish price action pattern that is used to indicate a bullish price action when price breaks through the resistance.
A further bullish run towards the 95500 zone is about to happen.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a descending triangle is close to being completed, the price is about to break out soon.
A descending triangle identifies a bearish price move if price breaks out to the the downside.
Btcusd to extend the correction lower towards the 95000 level.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is almost done, the price needs a further move as an indication of a breakout.
Once price breaks above resistance, the move could signal a next move up.
Btcusd turns higher towards the 96000 zone.
PENNANT
Bitcoin
BTC/USD
1H
Btcusd shows a pennant.
A pennant represents a specific bearish price formation that often signals extending an downtrend once price breaks below support.
There is a probability of a move towards 96500 on a downside break as upside pressure mitigates.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that an ascending channel pops up.
When price breaks out to the the downside, the resulting move could indicate an extension in the downward direction.
It is likely that a bearish price action to 95000 will be made on a breach of 96000.
PENNANT
Bitcoin
BTC/USD
1H
It seems like a pennant turns up, the price is ready to break out now.
A pennant can be thought of as a technical bullish chart pattern that is used to predict that the price to go long in case if price breaks above resistance.
Btcusd to jump towards the 92500 level as btcusd is at a brink of a bullish breakout.
PENNANT
Bitcoin
BTC/USD
4H
As we can see a pennant takes place, btcusd requires further rise as a signal of a breakout.
A pennant typically indicates a sharp rise if price breaks out.
There is a chance of a bullish price action to the 93000 level on a break above 91800.
RISING WEDGE
Bitcoin
BTC/USD
1H
As we can see a rising wedge arises, btcusd requests a further bigger move to confirm a breakout.
A rising wedge provides a compelling price formation that is angled up that is used to indicate extending an downtrend when price breaks out to the the downside.
There is a possibility of a further move to the 90800 zone.
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