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CANAL DESCENDANT
Ripple
XRP/USD
4H
A descending channel has been observed and the price is ready to break out.
A descending channel often predicts a move up when price breaks above resistance.
A rangebound towards 1.94 is a possibility.
CANAL DESCENDANT
Bitcoin
BTC/USD
1H
We can see that a descending channel takes place and the price is close to breaking out now.
A descending channel often results in an interruption of a downtrend when price breaks out.
There is a chance of a bullish move towards 89500.
CANAL DESCENDANT
Cardano
ADA/USD
4H
There is a descending channel appearing.
A descending channel tends to be a formation that can be used to indicate a next move up once price breaks through the resistance.
Adausd aims to complete a retracement towards 0.37 on a breach of 0.36 as adausd loses bearish momentum.
RECTANGLE
Litecoin
LTC/USD
1H
A rectangle turns up and the price calls for a further bullish move for the certainty of breakout.
Once price breaks above resistance, the move could predict that the price to go long.
Ltcusd aims to complete a retracement towards 70.5 while above 70.1 as the cryptocurrency resumes the upside.
TRIANGLE DESCENDANT
Ripple
XRP/USD
1H
There is a descending triangle developing, xrpusd demands a more move to confirm a breakout.
A descending triangle tends to be a compelling signal that results in a temporary interruption of an existing trend when price breaks out.
Xrpusd to enjoy a considerable gain towards 1.92 on a breach of 1.905 as xrpusd looks bid.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
4H
There is a descending channel identified and bchusd demands a next steady move as a verification of a breakout.
A descending channel is said to depict a specific bullish chart signal that often identifies a bullish move once price breaks out.
Bchusd to push up to 600 as bulls looking for upside correction.
CANAL ASCENDANT
Bitcoin
BTC/USD
1H
There is an ascending channel taking place.
An ascending channel is considered to be a bearish pattern that has an upward slope that is used to spot a bearish price move in case if price breaks below support.
Further decline towards 87500 is possible on a breakout of the ascending channel amid rising bets for the move.
TRIANGLE DESCENDANT
Ripple
XRP/USD
1H
A descending triangle comes out and the price is going to break out now.
A descending triangle denotes a useful bearish price signal that often identifies that the price to go short once price breaks out.
A bearish move to the 1.87 level is likely on a downside break as bears look for entries.
CANAL ASCENDANT
Bitcoin Cash
BCH/USD
1H
An ascending channel arises.
An ascending channel identifies a price action formation with an upward bias that typically spots that the price to go down in case if price breaks out.
A move towards the 585 mark is likely.
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