An ascending channel has been encountered, ETH/USD requests a more move as a verification of a breakout.
Once price breaks down, the resulting move could spot a bearish price move.
Extra downside to the 3850 zone is about to happen on a breakdown of the ascending channel as risk reversal sheds bullish bias.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
2 days ago
We can see that the price shows a rectangle and ETH/USD lacks a more active move as a clue of a breakdown.
A rectangle provides a signal that can be used to identify extending an downtrend when price breaks out.
ETH/USD to continue lower to 3800.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 20
A descending channel arises, ETH/USD calls for a next move for clear breakout confirmation.
A descending channel is said to depict a compelling bullish price action indicator that often signals a breakout higher once price breaks out to the the upside.
It is not ruled out that a bullish push up to 3140 will take place on a upside break.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Nov 5
It seems like the price forms a descending channel, the price expects a further steady move to confirm descending channel breakout.
A descending channel denotes a technical price action indicator that results in a bullish move once price breaks through the resistance.
ETH/USD to continue the appreciation trend towards 2480.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
Mar 15
It seems like the price forms a rectangle, the price calls for a bigger correction to confirm a breakdown.
A rectangle tends to be a reliable price pattern that often identifies a bearish move in case if price collapses through the support line.
A move towards the 3700 mark is a possibility.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
Aug 15
There is an ascending channel taking place, the price is close to breaking out now.
An ascending channel often results in that the price to go down if price breakdown occurs.
ETH/USD to extend its setback towards 1820 as ETH/USD nears 1840 hurdle.
Ethereum: Bullish Rectangle
ETH/USD,
1 hour
LONG
Oct 14
It looks like a bullish rectangle has been discovered and ETH/USD needs a bigger bullish continuation as a signal of a breakout.
A bullish rectangle suggests a reliable bullish indicator that is used to predict that the price to go up once price breaks out.
ETH/USD to have better chances of advancing towards 2500 on a breakout of the bullish rectangle.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
SHORT
Jun 5
An ascending triangle is distinguished, the price is ready to break out.
An ascending triangle is a technical price action indicator that results in that the price to go short once price breaks out to the the downside.
There is a chance of a bearish price action to the 1895 zone while lower than 1896.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
Jan 21
We can see that a bearish flag is spotted.
A bearish flag describes a technical bearish price pattern that has an upward slope that typically identifies the more likely potential of falling prices when price breaks through the support.
There is a chance of extra downside towards 2465 on a breakout of the bearish flag.
Ethereum: Descending Triangle
ETH/USD,
1 hour
LONG
Jul 2
A descending triangle is exposed, the price requires a next bigger bullish impulse as a signal of a breakout.
A descending triangle suggests a reliable bullish formation with a downward bias that is used to predict that the price to go long when price breaks out to the the upside.
ETH/USD to prolong the growth phase towards the 1930 level.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
Jul 2
As we can see a bearish flag appears and the price lacks a more move as proof of a breakout.
A bearish flag signals extending an downtrend if price breaks out to the the downside.
It is likely that a bearish move towards 3350 will form as bears seeking a new low.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Jun 23
There is a rising wedge found.
A rising wedge typically results in reversals in uptrends if price collapses through the support line.
There is a possibility of a further move to 3490.
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Ethereum · ETH/USD