A descending channel happens and the price is ready to break out soon.
A descending channel is considered to be a technical bullish chart pattern that has a downward slope that often identifies a bullish price move when price breaks out.
It is possible that a bullish push up to 26650 will happen once beyond 26590.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Mar 18
An ascending channel appears and BTC/USD asks for a move as a clue of a breakdown.
If price breaks out, the resulting move could identify a bearish price move.
A bearish push down to 66000 is likely to happen on a downside break.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
Mar 19
There is a rectangle arising.
A rectangle depicts a price action pattern that typically identifies that prices are likely to keep rallying upward once price breaks through the resistance.
It is likely that a bullish continuation towards 84000 will take place.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Aug 4
An ascending triangle occurs.
In case if price breaks out, the move could indicate a bearish price action.
There is a possibility of a bearish continuation towards 60000 while lower than 60300 as minor hurdle remains at 60300.
Bitcoin: Rising Wedge
BTC/USD,
4 hours
SHORT
Jan 31
A rising wedge occurs.
A rising wedge is said to depict a technical bearish signal that spots a bearish price move if price breaks out to the the downside.
BTC/USD set to extend its decline to the 102000 zone.
Bitcoin: Descending Triangle
BTC/USD,
4 hours
LONG
Jul 30
A descending triangle has been encountered, the price is ready to break out soon.
A descending triangle suggests a specific bullish price action signal that indicates a bullish price action in case if price breaks out to the the upside.
It is not ruled out that a bullish price action towards 29400 will form once beyond 29340 as the cryptocurrency looks bid.
Bitcoin: Descending Channel
BTC/USD,
1 day
LONG
Feb 8
The price shows a descending channel and BTC/USD wants a bigger bullish move as a signal of a breakout.
When price breaks above resistance, the move could signal that the price will rally further.
There is a chance of a bullish push up to the 46000 zone as the mood may improve.
Bitcoin: Descending Triangle
BTC/USD,
1 day
SHORT
Feb 19
There is a descending triangle coming out.
A descending triangle describes a compelling bearish signal that can be used to indicate a bearish move in case if price collapses through the support line.
BTC/USD could recede to the 90000 mark on impulse below 95000.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Apr 24
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Jun 16
There is a descending channel detected, the price breaks out.
A descending channel typically signals a bullish price move in case if price breaks out to the the upside.
It is likely that a move to 26000 will be made.
Bitcoin: Rising Wedge
BTC/USD,
1 day
SHORT
Jun 12
A rising wedge is close to completion, BTC/USD lacks a move for clear breakdown confirmation.
If price breaks out, the resulting move could indicate a temporary interruption during a rising market.
BTC/USD turns lower to the 66000 mark on a break below 67000.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 9
It looks like an ascending triangle materializes and the price expects a further bigger move to confirm ascending triangle breakout.
An ascending triangle provides a compelling price action formation that typically results in the more likely potential of falling prices if price breaks through the support.
It is likely that a bearish continuation to the 26400 zone will happen on a breach of 26520.
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