A descending triangle is discovered and the price demands a further strong move as proof of a breakout.
A descending triangle describes a specific bullish chart signal that typically predicts that the price will rally further when price breaks through the resistance.
ETH/USD pushes higher to 1760 as ETH/USD becomes bullish.
Ethereum: Bullish Flag
ETH/USD,
1 hour
LONG
Feb 12
A bullish flag develops and the price is close to breaking out.
A bullish flag provides a chart pattern that often predicts that the price to go up in case if price breaks out.
ETH/USD to turn bullish to 2510 on impulse above 2500.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Jun 30
There is a rising wedge uncovered, ETH/USD requires a bigger move as a signal of a breakout.
A rising wedge often results in price reversal after a pause in case if price breaks below support.
There is a possibility of a bearish move towards 1840.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
SHORT
Mar 14
An ascending triangle is close to being finished and the price requires a next bearish continuation to confirm a breakdown.
When price breaks below support, the move could predict an extension in the downward direction.
There is a possibility of a bearish push down towards 3960.
Ethereum: Rising Wedge
ETH/USD,
4 hours
SHORT
Feb 1
The price gives a rising wedge and the price lacks a further correction as a signal of a breakdown.
A rising wedge denotes a compelling chart formation that typically spots a further move down in case if price breaks out.
ETH/USD to extend the fall to the 3100 mark.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Nov 21
As we can see ETH/USD sets up an ascending channel.
An ascending channel tends to be a compelling chart formation that can be used to predict a next move down once price breaks below support.
There is a probability of extra downside towards the 2000 level.
Ethereum: Pennant
ETH/USD,
4 hours
LONG
Feb 24
There is a pennant coming out.
A pennant results in a bullish price action in case if price breaks through the resistance.
A move towards 3000 is not ruled out on a breakout of the pennant.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
Aug 4
A bearish flag is encountered, the price expects a strong move as a clue of a breakout.
A bearish flag depicts a bearish price action indicator that is used to indicate that prices move counter to the prevailing price trend in case if price breaks through the support.
ETH/USD set to lose more ground towards the 1830 level on a breakout of the bearish flag.
Ethereum: Descending Triangle
ETH/USD,
1 day
LONG
Feb 10
A descending triangle has been detected, ETH/USD requests a next bigger impulse up as an information of a breakout.
A descending triangle can be thought of as a technical chart pattern that can be used to signal a move up once price breaks above resistance.
ETH/USD to enjoy a considerable gain to 2600 on a breakout of the descending triangle as ETH/USD challenges 2480 hurdle.
Ethereum: Bullish Rectangle
ETH/USD,
1 hour
LONG
Nov 11
There is a bullish rectangle poping up, ETH/USD lacks an active move to confirm a breakout.
If price breaks through the resistance, the resulting move could spot extending an uptrend.
ETH/USD to strengthen towards 3250 on a breach of 3230 as downside pressure seen easing.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Sep 10
It looks like an ascending channel is nearing completion.
An ascending channel typically indicates a temporary interruption during a rising market once price breaks out to the the downside.
There is a possibility of a bearish move to the 2340 zone as bears look for entries.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Jan 26
We can see that ETH/USD forms an ascending channel.
An ascending channel denotes a compelling formation that indicates a next move down in case if price breaks out to the the downside.
ETH/USD risks extra losses towards the 3280 zone on a downside break as the cryptocurrency nears 3300 hurdle.
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Ethereum · ETH/USD