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RECTANGLE
Ethereum
ETH/USD
4H
The price sets up a rectangle, ethusd asks for a bit more consolidation to confirm a breakout.
A rectangle suggests a pattern that often results in that prices are likely to keep rallying upward if price breaks out.
Ethusd aims to complete a retracement to 1640 on a breakout of the rectangle.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
4H
A symmetrical triangle is found, ethusd requires a more active correction as a signal of a breakout.
A symmetrical triangle typically indicates a next move down if price breaks out.
There is a probability of a bearish continuation to the 1560 zone on a breakout of the symmetrical triangle as indicators favor bears.
RECTANGLE
Ethereum
ETH/USD
1H
It looks like a rectangle happens.
A rectangle is said to depict a specific price action pattern that spots that prices are likely to keep rallying upward if price breaks out.
A further rangebound to the 1590 level is going to happen as ethusd is at a brink of a bullish breakout.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like ethusd shapes a descending channel, the price breaks out.
A descending channel depicts a compelling bullish price action indicator that identifies a break during a downtrending market in case if price breaks through the resistance.
It is likely that a bullish run towards 1580 will form once above 1576 as the wind continues blowing in favor of ethusd.
FALLING WEDGE
Ethereum
ETH/USD
4H
The price gives a falling wedge, ethusd expects a more move as a clue of a breakout.
If price breaks out, the move could indicate the more likely potential of rising prices.
There is a probability of a bullish run to the 1600 zone on a break above 1580.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like a falling wedge is almost done, the price is about to break out.
Once price breaks out to the the upside, the resulting move could indicate a downward trend is nearing its end.
A move towards the 1580 zone is not ruled out.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel is very close to being finished, ethusd needs active pullback for the certainty of breakout.
An ascending channel typically identifies extending an downtrend in case if price breaks through the support.
There is a chance of decline to the 1560 mark.
RISING WEDGE
Ethereum
ETH/USD
1H
We can see that a rising wedge has been recognized.
A rising wedge depicts a useful pattern that typically identifies that the price to go down when price breaks out.
Ethusd to push down towards 1560 on a breakout of the rising wedge.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
It seems like a descending channel comes out, the price is breaking out.
A descending channel represents a useful signal that identifies a potential bullish reversal in price action once price breaks out.
Ethusd to maintain its positive tone towards the 1650 zone once beyond 1590 as ethusd challenges 1590 hurdle.
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