Open:
High:
Low:
Close:
FALLING WEDGE
Ethereum
ETH/USD
1H
We can see that a falling wedge is very close to being finished and the price is close to breaking out now.
A falling wedge provides a specific signal that can be used to predict a tendency to break in the opposite direction if price breaks above resistance.
Ethusd turns higher to 2620.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see an ascending channel has been diagnosed.
An ascending channel is considered to be a reliable signal that often indicates a pause in an uptrending market in case if price collapses through the support line.
Ethusd challenges a move towards 2620 on a breach of 2625.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel materializing and ethusd demands a further strong move as a sign of a breakout.
A descending channel spots that prices move counter to the prevailing price trend in case if price breaks out.
Ethusd is bullish and en route towards the 2550 mark on a breakout of the descending channel.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel turning up.
A descending channel depicts a compelling pattern that has a downward slope that predicts an extension in the upward direction once price breaks out to the the upside.
It is possible that a bullish continuation to 2550 will occur as downside pressure mitigates.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
It seems like a descending channel comes out.
A descending channel identifies a compelling chart pattern with a downward bias that results in a bullish price action when price breaks through the resistance.
A bullish continuation towards 2500 is not ruled out while above 2470.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle poping up.
A descending triangle is a bullish price action formation that typically indicates a downward trend is about to reverse into an upnward trend if price breaks above resistance.
Ethusd embarks on a bullish correction towards 2420.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle is almost done and ethusd needs a bigger impulse down to confirm descending triangle breakdown.
A descending triangle is considered to be a price action formation that typically spots prices are likely to keep falling downward in case if price breaks through the support.
There is a probability of a bearish push down towards the 2380 mark.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see the price shapes a descending channel.
A descending channel is considered to be a useful bullish chart indicator that often spots that the price to go up if price breaks above resistance.
It is likely that a further bullish move towards 2450 will happen on a breach of 2410 as the cryptocurrency challenges 2410 hurdle.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
A descending triangle is close to being finished.
A descending triangle often indicates a further move down in case if price breaks below support.
A bearish push down towards the 2400 mark stays on the cards as gains remain capped.
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