Yesterday's highlighted
ascending channel pattern with support at $ 294.20 on the hourly chart of ETH / USD (data feed via SimpleFX) is still intact.
There is a key
ascending channel pattern with support at $ 14.00 forming on the hourly chart of ETC / USD (Data feed via Kraken).
Bitcoin price is safely inside
its ascending channel pattern visible on the 1 - hour time frame, but there are signs of slowing upside momentum.
Not exact matches
Additionally, WAVES / BITCOIN broke above the downtrend trendline as well as
ascending channel, not to mention higher highs and higher lows
pattern.
Sometimes, I post a sort of chart
pattern analysis that often consists of
channel patterns — descending,
ascending or horizontal.
These can include trend lines, horizontal areas and even
patterns such as
ascending and descending
channels.
If I were forced to use just one chart
pattern, it would have to be
ascending and descending
channels.
The
pattern highlighted on the price chart is an
ascending channel and it is created using two upward - sloping parallel trend lines.
I have the inclination to believe that resistance outlined by this
ascending channel be will be broken, meaning that this
pattern will resolve itself in a bullish manner.