Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle occurs and the price lacks a further bigger move as proof of a breakout.
A symmetrical triangle represents a technical bearish signal that often results in an extension in the downward direction in case if price breakdown occurs.
Ethusd tests a move to 2300 on a breakout of the symmetrical triangle as downtrend may continue.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant encountered, the price calls for a strong move as evidence of a breakout.
A pennant describes a bullish chart formation that is used to identify a further move up when price breaks above resistance.
Ethusd to peak towards the 2360 level as the cryptocurrency challenges 2335 hurdle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like ethusd forms an ascending triangle.
An ascending triangle indicates a bearish price action if price breakdown occurs.
Ethusd to experience further corrective weakness towards 2300.
PENNANT
Ethereum
ETH/USD
1H
A pennant turns up.
A pennant is believed to be a price action formation that is used to predict a bullish price action in case if price breaks through the resistance.
Ethusd turns higher to 2360.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel exposed.
An ascending channel spots a change in price direction once price breaks through the support.
It is likely that a move to 2300 will happen.
BEARISH FLAG
Ethereum
ETH/USD
1H
There is a bearish flag arising, the price is going to break out soon.
A bearish flag represents a bearish signal that can be used to spot a move down when price breaks out to the the downside.
Decline towards the 2090 zone stays on the cards.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle appears, ethusd calls for a more bigger correction as an indication of a breakdown.
An ascending triangle represents a technical bearish chart formation that typically results in that the price to go down once price breaks through the support.
It is likely that decline towards 2080 will occur.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that ethusd shapes a rectangle, the price is ready to break out soon.
A rectangle provides a specific indicator that can be used to identify that the price will rally further in case if price breaks out.
A rangebound towards the 2110 level is on the way while above 2104.
BEARISH FLAG
Ethereum
ETH/USD
4H
As we can see a bearish flag is close to being complete and the price is close to breaking out.
A bearish flag identifies a technical price pattern that can be used to signal a potential reversal in price action when price breaks below support.
A bearish push down towards the 2050 mark is on the cards.
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