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RISING WEDGE
Bitcoin
BTC/USD
1D
There is a rising wedge observed and btcusd lacks more pullback for the certainty of breakdown.
A rising wedge represents a specific bearish chart signal that is used to spot the more likely potential of falling prices if price breakdown occurs.
Btcusd could extend its slump to the 64000 level.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle has been observed.
A descending triangle represents a technical formation that often results in a bearish move when price collapses through the support line.
Btcusd to accomodate towards 64400 as the cryptocurrency becomes offered.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is very close to being completed, btcusd wants a strong move as a clue of a breakout.
An ascending channel describes a specific price signal that can be used to indicate a next move down if price collapses through the support line.
Btcusd to accomodate towards the 64500 zone on a downside break as door open for a test of 64500.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel materializes.
In case if price breaks through the resistance, the move could signal a move up.
There is a probability of a bullish push up towards the 65500 mark on a breach of 65300 as btcusd looks bid.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see btcusd builds a descending channel and btcusd needs a steady move as a signal of a breakout.
Once price breaks out to the the upside, the move could predict a temporary interruption during a falling market.
Btcusd hints a change to the upside to 65500 on a breach of 65300.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is an ascending channel determined, the price is breaking out.
An ascending channel spots a breakdown is likely to occur if price breaks through the support.
It is likely that a bearish move to 64000 will be made as the cryptocurrency becomes capped.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is uncovered, the price needs next bigger pullback to confirm ascending channel breakout.
An ascending channel is believed to be a compelling indicator that can be used to identify a break in the price direction when price collapses through the support line.
Btcusd to extend its slide towards the 65000 level on a breach of 65800.
BULLISH FLAG
Bitcoin
BTC/USD
1H
There is a bullish flag occuring and the price breaks out soon.
A bullish flag signals the bears have run out of steam in case if price breaks out.
A further bullish price action towards the 66200 level is probable as bulls lurking in demand zone.
PENNANT
Bitcoin
BTC/USD
1H
As we can see the price shows a pennant and the price requests a move as an information of a breakout.
A pennant tends to be a reliable bearish chart indicator that typically predicts a bearish move once price collapses through the support line.
Btcusd to continue the dereciation trend towards the 65800 level.
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