Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
An ascending channel is close to being complete and the price requires a next move as a verification of a breakout.
An ascending channel typically spots a further move down if price breaks down.
A bearish push down towards the 2360 mark looks probable.
PENNANT
Ethereum
ETH/USD
1H
It seems like a pennant has been recognized, ethusd asks for a further strong bullish action as a verification of a breakout.
A pennant is a useful bullish chart pattern that is used to indicate extending an uptrend once price breaks out to the the upside.
Ethusd to strengthen towards the 2380 zone on impulse above 2376.
RISING WEDGE
Ethereum
ETH/USD
4H
We can see that ethusd creates a rising wedge and the price requests a move as a signal of a breakout.
A rising wedge is considered to be a technical bearish price pattern that is used to signal an extension in the downward direction in case if price breakdown occurs.
Ethusd hints a change to the downside towards 2300.
RISING WEDGE
Ethereum
ETH/USD
1H
We can see that a rising wedge appears and the price is breaking out.
A rising wedge typically predicts that the price to go down in case if price collapses through the support line.
It is likely that a bearish move to the 2340 zone will form as bears seeking a new low.
PENNANT
Ethereum
ETH/USD
1H
A pennant occurs, the price is going to break out.
A pennant denotes an indicator that is used to predict a sharp rise once price breaks out.
A bullish move towards 2400 is likely to happen on a upside break.
PENNANT
Ethereum
ETH/USD
1D
There is a pennant spotted, the price is breaking out.
A pennant can be thought of as a reliable bullish price pattern that can be used to signal the bears have run out of steam when price breaks out.
There is a possibility of a bullish push up towards 2400 on a breach of 2360 as bulls looking for upside correction.
RECTANGLE
Ethereum
ETH/USD
4H
There is a rectangle spotted and the price is going to break out now.
A rectangle is believed to be a useful indicator that signals the more likely potential of rising prices if price breaks out to the the upside.
It is not ruled out that a bullish price action towards 2360 will take place while above 2340.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle has been exposed and the price wants a steady move as a verification of a breakout.
A rectangle is considered to be a compelling price pattern that indicates that the price will rally further when price breaks through the resistance.
Ethusd does not rule out a move to 2340 on a breach of 2328 as the cryptocurrency is at a brink of a bullish breakout.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel identified.
An ascending channel indicates prices are likely to keep falling downward if price breaks down.
A move to 2300 is not ruled out.
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