Open:
High:
Low:
Close:
RISING WEDGE
Ethereum
ETH/USD
1H
It seems like ethusd completes a rising wedge.
A rising wedge typically identifies a move down in case if price breaks out to the the downside.
It is possible that extra downside towards the 3220 zone will form.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
We can see that an ascending channel emerges.
An ascending channel denotes a compelling bearish price indicator that can be used to spot price heading to a new direction once price breaks through the support.
Ethusd challenges a move towards the 3100 mark on a breach of 3200.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge distinguished and the price calls for a further steady move as a signal of a breakout.
When price breaks through the resistance, the resulting move could indicate that the price will rally further.
Ethusd aims to complete a retracement towards 3300 amid rising bets for the move.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see a falling wedge has been encountered, the price is breaking out.
A falling wedge suggests a compelling bullish price formation that has a downward slope that often spots an interruption of a downtrend when price breaks out to the the upside.
Ethusd to continue the appreciation trend towards the 3200 mark on impulse above 3180 as ethusd becomes bid.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
We can see that an ascending channel arises and ethusd lacks a further bigger move as an indication of a breakdown.
An ascending channel denotes a compelling bearish indicator that can be used to signal a change in price direction when price collapses through the support line.
Ethusd now looks towards 3100 on a breakout of the ascending channel.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like ethusd creates an ascending channel.
An ascending channel is said to depict a technical bearish price action signal that can be used to predict a move down if price breakdown occurs.
There is a possibility of a bearish continuation towards the 3300 zone on a breach of 3320 as gains remain capped.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
Ethusd forms a descending channel, the price calls for a further steady move to confirm a breakout.
If price breaks out, the resulting move could indicate that the price will rally further.
A rangebound to 3200 is a possibility on a breakout of the descending channel.
PENNANT
Ethereum
ETH/USD
1H
A pennant is close to being done.
In case if price breaks out, the resulting move could indicate the bears have run out of steam.
There is a possibility of a bullish run to 3140 on a breach of 3130.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant emerging.
A pennant depicts a compelling price indicator that is used to indicate the more likely potential of falling prices once price breakdown occurs.
Ethusd to drop to 3100.
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