Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that ethusd shows an ascending channel, ethusd calls for more strong pullback as an indication of a breakout.
An ascending channel is said to depict a useful bearish price pattern that results in a bearish price action when price breaks out to the the downside.
There is a possibility of a bearish price action to the 1960 zone.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge materializes and ethusd expects a more move as a clue of a breakdown.
A rising wedge indicates that the price to go short in case if price breaks out to the the downside.
Ethusd could recede towards the 1960 level on a breakout of the rising wedge.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It seems like an ascending triangle is diagnosed.
An ascending triangle typically signals that the price will rally further once price breaks through the resistance.
Ethusd to extend its rebound towards the 1990 mark on a breach of 1978.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle is almost done and the price calls for a further active move as proof of a breakout.
A symmetrical triangle describes a compelling signal that typically predicts a next move up if price breaks out.
Ethusd to accomodate to 1980.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
A descending triangle occurs.
When price breaks through the resistance, the move could spot that prices are likely to keep rallying upward.
It is not ruled out that a rangebound towards 2000 will happen.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge uncovered and the price is about to break out.
A falling wedge is believed to be a useful pattern that is angled down that can be used to signal a bearish-to-bullish trend reversal if price breaks out.
Ethusd to look for a further push to 1980 as minor hurdle remains at 1955.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is close to being complete and the price wants a bit more consolidation as a signal of a breakout.
A falling wedge provides a specific chart formation that often results in a further move up if price breaks through the resistance.
It is possible that a rangebound towards the 1980 level will occur on a upside break as bulls looking for upside correction.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle has been noticed and ethusd lacks a further active impulse down as evidence of a breakdown.
When price breakdown occurs, the move could indicate the bulls have run out of steam.
Ethusd could attempt a move towards the 1920 level amid ethusd recedes from recent highs.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that a descending triangle arises and the price breaks out.
A descending triangle tends to be a bearish price action formation that is used to spot a bearish price move if price breakdown occurs.
Ethusd looks south to the 1900 mark on impulse below 1930.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.