Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is close to being finished.
In case if price breaks through the resistance, the move could spot a bullish price action.
Ethusd challenges a move towards 2080 on a breakout of the descending channel.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle emerging and the price expects a further bearish continuation as proof of a breakdown.
A rectangle signals the more likely potential of falling prices when price breakdown occurs.
There is a chance of a further bearish move towards 2000 once below 2010 as downtrend may continue.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel appears.
An ascending channel indicates a further move down if price breaks out to the the downside.
Ethusd tests a move to the 2020 mark.
RISING WEDGE
Ethereum
ETH/USD
1H
Ethusd composes a rising wedge, the price is about to break out.
Once price breaks out, the move could signal a move down.
It is not ruled out that corrective downside towards the 2020 level will happen on a breakout of the rising wedge.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel diagnosed, ethusd wants a strong bullish impulse as a signal of a breakout.
A descending channel indicates an interruption of a downtrend if price breaks out to the the upside.
Ethusd to move upward towards 1970.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
A descending triangle has been uncovered.
A descending triangle is a specific bullish pattern that often identifies reversals in downtrends when price breaks out to the the upside.
Ethusd to jump to 2000 once above 1960 as minor hurdle remains at 1960.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
Ethusd builds a descending channel.
A descending channel describes a reliable signal that indicates a further move up in case if price breaks out.
Ethusd to increase bullish potential to the 1970 zone on a breach of 1965 as the cryptocurrency probes 1965 hurdle.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel comes out, the price wants a bit more consolidation as evidence of a breakout.
A descending channel often spots that the price to go up once price breaks above resistance.
A bullish continuation towards 2000 looks likely once beyond 1980.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel taking place and the price is going to break out soon.
An ascending channel tends to be a technical chart pattern that typically results in a bearish price action when price collapses through the support line.
Ethusd to increase bearish potential to 1950 on a breakout of the ascending channel.
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