Open:
High:
Low:
Close:
PENNANT
Ethereum
ETH/USD
1H
There is a pennant distinguished and the price is ready to break out.
A pennant suggests a useful price formation that can be used to identify a sharp rise once price breaks above resistance.
Ethusd to accomodate to the 2310 mark.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel is very close to being completed.
When price breaks through the support, the resulting move could predict a bearish price action.
It is possible that a bearish run to the 2280 level will be made.
FALLING WEDGE
Ethereum
ETH/USD
4H
Ethusd shows a falling wedge.
A falling wedge is considered to be a reliable pattern that is used to predict a downward trend is nearing its end if price breaks out.
There is a probability of a bullish move to 2350.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price sets up an ascending triangle and the price breaks out.
In case if price breaks above resistance, the resulting move could spot that the price will rally further.
A bullish continuation towards 2280 is a possibility on a breach of 2274.
PENNANT
Ethereum
ETH/USD
1H
It looks like a pennant is close to being completed, the price is going to break out now.
A pennant can be thought of as a price formation that typically identifies that the price will rally further if price breaks out to the the upside.
Ethusd to increase bullish potential towards the 2280 zone on a breach of 2265.
BEARISH FLAG
Ethereum
ETH/USD
1H
There is a bearish flag recognized, ethusd calls for a next bigger move for the certainty of breakout.
When price breaks out, the resulting move could predict price heading to a new direction.
It is possible that a further rangebound to 2280 will happen.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel arising.
An ascending channel is believed to be a specific bearish price action signal that is used to predict that prices move counter to the prevailing price trend if price breaks out.
There is a probability of a rangebound towards 2280.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is nearing completion, the price is about to break out soon.
When price breaks out to the the upside, the resulting move could spot a bullish price action.
Ethusd advances higher to 2310.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle is close to being done, the price demands a bigger move as a sign of a breakout.
A descending triangle often indicates a break in the price direction if price breaks out.
A bullish price action towards 2300 is probable on a break above 2295.
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.