We can see that an ascending channel is revealed, the price demands a further move as a sign of a breakdown.
An ascending channel suggests a reliable signal that is used to predict a bearish move in case if price collapses through the support line.
It is likely that a further rangebound towards the 3550 mark will be made on a breakdown of the ascending channel.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Jan 2
There is a rectangle uncovered.
In case if price breaks above resistance, the resulting move could identify that the price to go long.
ETH/USD turns higher to the 3380 mark.
Ethereum: Pennant
ETH/USD,
1 hour
SHORT
Oct 9
A pennant is very close to being finished.
A pennant is believed to be a reliable bearish price signal that typically signals a bearish price action in case if price breaks through the support.
ETH/USD points to the downside to the 1625 level as door open for the continuation of the downtrend.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
Sep 27
A descending channel forms.
A descending channel provides a useful price formation that indicates a next move up in case if price breaks out.
ETH/USD to recover bullish potential to the 1600 level.
Ethereum: Rectangle
ETH/USD,
1 hour
SHORT
Aug 11
The price creates a rectangle and ETH/USD needs a more bigger move as an information of a breakdown.
A rectangle spots a bearish move in case if price collapses through the support line.
There is a possibility of a bearish price action towards the 1845 level on a breakout of the rectangle.
Ethereum: Bearish Rectangle
ETH/USD,
1 hour
SHORT
Jan 7
A bearish rectangle is close to completion and the price is ready to break out soon.
A bearish rectangle provides a signal that typically signals a bearish price move when price breaks below support.
It is likely that a bearish price action towards the 2230 level will be made.
Ethereum: Rising Wedge
ETH/USD,
4 hours
SHORT
Mar 26
A rising wedge materializes and ETH/USD needs a move as proof of a breakdown.
A rising wedge typically signals a further move down in case if price breaks through the support.
ETH/USD to turn bearish to the 2000 mark on a breach of 2050 as the cryptocurrency is at a brink of a bearish breakout.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Oct 28
A rectangle is very close to being finished, ETH/USD requests a next active bullish impulse to confirm a breakout.
A rectangle often signals a bullish price action if price breaks out.
ETH/USD to push up towards 2520 once above 2520 as there is a chance for a upside correction.
Ethereum: Rectangle
ETH/USD,
1 hour
SHORT
Jun 12
We can see that a rectangle is almost done and the price is going to break out soon.
If price breaks down, the resulting move could spot a bearish price move.
A rangebound to 2740 looks probable as ETH/USD failes to keep gains.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Apr 25
There is a descending channel spotted, ETH/USD needs a further strong bullish continuation as an indication of a breakout.
A descending channel represents a reliable bullish pattern that is used to identify a bullish move in case if price breaks through the resistance.
ETH/USD to grind higher towards the 1780 zone as the cryptocurrency nears 1760 hurdle.
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Nov 18
A falling wedge is almost done and ETH/USD requires a strong move as evidence of a breakout.
If price breaks above resistance, the move could spot a break in the price direction.
ETH/USD to extend its rebound to 3150 on a breach of 3120.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Apr 27
There is a rising wedge determined and ETH/USD asks for a strong move as a verification of a breakout.
A rising wedge is considered to be a compelling chart pattern with an upward bias that indicates price heading to a new direction if price breaks through the support.
ETH/USD turns lower to the 1780 level as risk reversal sheds bullish bias.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Ethereum · ETH/USD