Open:
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Close:
CANAL ASCENDANT
Bitcoin
BTC/USD
1H
It looks like an ascending channel is detected and the price is close to breaking out soon.
In case if price breaks down, the resulting move could signal that the price to go down.
A further bearish move towards the 70000 zone is likely.
CANAL ASCENDANT
Ethereum
ETH/USD
1H
There is an ascending channel appearing.
An ascending channel typically results in a breakdown is likely to occur if price breaks through the support.
Ethusd does not rule out a move to the 2100 zone.
CANAL ASCENDANT
Cardano
ADA/USD
1H
There is an ascending channel revealed.
An ascending channel tends to be a signal that results in price heading to a new direction when price breaks through the support.
Adausd now looks to the 0.265 level while below 0.267 as weakness continues.
CANAL ASCENDANT
Ripple
XRP/USD
1H
There is an ascending channel forming, the price wants a move as a verification of a breakout.
An ascending channel identifies a technical indicator that can be used to predict a change in price direction when price breaks below support.
There is a possibility of corrective downside towards 1.4 on a breakout of the ascending channel as the cryptocurrency becomes weaker.
CANAL ASCENDANT
Bitcoin Cash
BCH/USD
1H
An ascending channel is close to being completed and the price is about to break out.
When price breakdown occurs, the resulting move could signal a bearish price move.
Bchusd risks a correction towards the 460 mark as the cryptocurrency challenges 462 hurdle.
CANAL ASCENDANT
Cardano
ADA/USD
1H
It looks like an ascending channel is close to completion and the price wants bigger fall to confirm ascending channel breakdown.
An ascending channel is said to depict a technical price action formation that often signals the more likely potential of falling prices in case if price breaks below support.
There is a possibility of a rangebound towards 0.265 on a downside break.
CANAL ASCENDANT
Ripple
XRP/USD
1H
There is an ascending channel arising, the price requests a next strong move as a verification of a breakout.
An ascending channel typically signals the bulls have run out of steam once price breaks through the support.
Xrpusd risks potential downside to the 1.4 zone.
RECTANGLE
Cardano
ADA/USD
4H
There is a rectangle developing and the price calls for a bit more consolidation for the certainty of breakout.
A rectangle tends to be a technical bullish chart signal that results in a further move up when price breaks out.
It is likely that a bullish push up to 0.275 will take place.
CANAL DESCENDANT
Ethereum
ETH/USD
4H
A descending channel is very close to being finished, the price is about to break out.
A descending channel represents a compelling bullish price indicator that is used to predict the more likely potential of rising prices in case if price breaks through the resistance.
A rangebound towards 2150 looks probable.
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