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DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle emerging and ethusd lacks further push up to confirm a breakout.
A descending triangle tends to be a reliable chart formation that predicts extending an uptrend once price breaks out to the the upside.
It is likely that a bullish move to 1690 will occur on a breach of 1680 as downside pressure mitigates.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel has been revealed, the price wants a further steady move as a clue of a breakdown.
An ascending channel spots a bearish move when price breakdown occurs.
There is a possibility of a bearish price action towards 1640.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle turns up.
A rectangle describes a useful formation that predicts the bears have run out of steam in case if price breaks out to the the upside.
Ethusd points to the upside to 1680.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like a descending channel has been spotted and the price asks for a bullish move as an information of a breakout.
A descending channel indicates a move up when price breaks out to the the upside.
There is a probability of a further bullish price action towards 1670.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is almost finished, ethusd lacks more steady push up as a verification of a breakout.
A descending channel depicts a price indicator that can be used to indicate a break in the price direction if price breaks through the resistance.
Ethusd tests a move towards 1660 on a upside break.
RECTANGLE
Ethereum
ETH/USD
1H
We can see that a rectangle is nearing completion, the price breaks out.
A rectangle can be thought of as a compelling bearish price action formation that can be used to indicate an extension in the downward direction if price breaks below support.
Ethusd risks a move to the 1600 mark on a breakout of the rectangle.
BULLISH FLAG
Ethereum
ETH/USD
1H
There is a bullish flag distinguished and the price is breaking out.
A bullish flag results in a potential reversal in price action once price breaks out to the the upside.
It is not ruled out that a rangebound towards the 1660 zone will happen once above 1640.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel is very close to being completed and ethusd wants a bigger move as proof of a breakout.
In case if price breaks down, the resulting move could spot a bearish price action.
A further bearish continuation towards 1660 looks probable on impulse below 1665.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge determined and ethusd requires a more move as evidence of a breakout.
In case if price breaks through the support, the resulting move could signal a potential reversal in price action.
There is a possibility of a move to the 1660 zone as indicators favor bears.
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