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DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle revealed and the price is ready to break out.
A descending triangle often predicts that the price to go long when price breaks through the resistance.
Ethusd hints a change to the upside towards 3140 as bulls looking for upside correction.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
We can see that a descending triangle is spotted, ethusd lacks more active pullback as a verification of a breakout.
A descending triangle is a technical chart formation that can be used to identify prices are likely to keep falling downward if price breaks below support.
Ethusd to extend the correction lower towards the 3060 mark while lower than 3080.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle is uncovered, ethusd demands pullback for the certainty of breakout.
An ascending triangle represents a useful price pattern that is used to predict an extension in the downward direction in case if price breaks down.
Ethusd could extend its slump towards the 3100 mark on a break below 3115.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel detected, ethusd expects a more move for clear breakout confirmation.
A descending channel describes a specific formation that is angled down that is used to signal a bullish price move if price breaks above resistance.
Ethusd violates bearish trendline towards the 3150 mark.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see the price develops a falling wedge, the price is close to breaking out.
When price breaks out to the the upside, the resulting move could signal a temporary interruption of an existing trend.
A bullish move to the 3150 level about to be made as door open for a test of 3150.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel forming and the price is ready to break out now.
An ascending channel provides a specific chart signal that typically signals a further move down if price breakdown occurs.
Ethusd pulls away from recent highs towards the 3000 zone.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel identified.
An ascending channel is considered to be a specific price signal that often identifies that the price to go short when price breaks out.
Ethusd risks potential downside to 3150 as ethusd becomes depressed.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel emerging, the price is close to breaking out.
An ascending channel typically signals a break in the price direction in case if price breaks out.
A further bearish run to 3140 is not ruled out on a breach of 3155 as ethusd becomes capped.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle turns up and the price requires a move as evidence of a breakout.
If price breaks out, the move could indicate the more likely potential of rising prices.
Ethusd to jump to the 3160 zone.
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