Open:
High:
Low:
Close:
RISING WEDGE
Bitcoin
BTC/USD
4H
We can see that the price develops a rising wedge and the price wants bigger pullback as an indication of a breakout.
A rising wedge provides a technical price action signal that can be used to indicate a bearish price move if price breakdown occurs.
Btcusd looks south towards the 78000 zone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle arising.
A descending triangle identifies a specific bullish indicator that typically signals an extension in the upward direction when price breaks above resistance.
Btcusd challenges a move to 79000 as door open for a test of 79000.
RISING WEDGE
Bitcoin
BTC/USD
1H
Btcusd sets up a rising wedge, btcusd lacks a next active move as proof of a breakout.
A rising wedge describes a chart signal that typically signals a tendency to break in the opposite direction if price breaks below support.
There is a chance of a bearish push down towards the 78200 zone.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like btcusd builds an ascending triangle and the price requires a next active bullish move to confirm a breakout.
An ascending triangle indicates a bullish move when price breaks out to the the upside.
Btcusd to extend its rebound towards 79000 on a breach of 78800 as the cryptocurrency becomes bid.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle arises, the price is about to break out.
A descending triangle tends to be a bullish price formation that can be used to identify a further move up once price breaks out.
A rangebound towards 78500 is possible on a breakout of the descending triangle as btcusd resumes the upside.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
It looks like btcusd completes a descending channel.
A descending channel denotes a specific indicator that is used to identify a bearish-to-bullish trend reversal if price breaks above resistance.
It is possible that a further bullish continuation to 79000 will occur.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel turns up and the price is about to break out soon.
If price breaks through the support, the resulting move could spot a bearish price action.
There is a chance of corrective downside towards 77000 on a breakout of the ascending channel.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price sets up an ascending channel, the price is ready to break out soon.
An ascending channel is believed to be a technical signal that typically predicts a move down in case if price collapses through the support line.
Btcusd targets a move towards 77500 on a downside break as outlook for btcusd stays negative.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle is close to being finished, btcusd calls for a more active move as evidence of a breakout.
A rectangle indicates a further move up when price breaks through the resistance.
Btcusd to maintain its positive tone to the 76600 zone.
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