Open:
High:
Low:
Close:
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel is noticed.
When price breaks out, the move could indicate that the price will rally further.
Ethusd does not rule out a move towards the 3100 mark as bulls look for entries.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel appears, ethusd requests more active push down to confirm ascending channel breakdown.
If price breakdown occurs, the move could predict a tendency to break in the opposite direction.
It is not ruled out that corrective downside to 2960 will form as there is a chance for a downside correction.
BULLISH FLAG
Ethereum
ETH/USD
1H
A bullish flag is close to completion.
A bullish flag identifies a reliable bullish chart formation that often results in a move up in case if price breaks above resistance.
Ethusd risks a move to 2990 amid ethusd reclaims part of the ground lost.
PENNANT
Ethereum
ETH/USD
1H
Ethusd forms a pennant.
A pennant provides a compelling bearish formation that can be used to signal extending an downtrend when price breakdown occurs.
It is possible that corrective downside to 2960 will occur on a breach of 2975 as minor hurdle remains at 2975.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
It seems like ethusd sets up a descending channel and the price demands a steady impulse up as an information of a breakout.
In case if price breaks out to the the upside, the move could predict a downward trend is about to reverse into an upnward trend.
Ethusd to look for a further push towards 3000 on a break above 2960 as bulls looking for upside correction.
BEARISH FLAG
Ethereum
ETH/USD
1D
A bearish flag is nearing completion.
When price breakdown occurs, the move could spot a next move down.
It is possible that a further bearish push down towards the 2800 mark will occur amid ethusd recedes from recent highs.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel is close to being done, the price is breaking out.
An ascending channel identifies a compelling signal that can be used to identify an extension in the downward direction once price breaks below support.
Ethusd risks potential downside to the 2900 zone as ethusd becomes bearish.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
Ethusd completes a descending channel.
In case if price breaks above resistance, the resulting move could spot a move up.
There is a chance of a further bullish price action towards 2980 as door open for the continuation of the uptrend.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is an ascending triangle materializing and ethusd needs a bigger bearish impulse as an information of a breakout.
An ascending triangle typically spots an extension in the downward direction in case if price collapses through the support line.
Ethusd to nosedive to 2920 on a breakout of the ascending triangle.
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