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RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge determined and ethusd requires a more move as evidence of a breakout.
In case if price breaks through the support, the resulting move could signal a potential reversal in price action.
There is a possibility of a move to the 1660 zone as indicators favor bears.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel has been observed and the price is about to break out.
An ascending channel identifies a bearish price action in case if price collapses through the support line.
Ethusd could extend its slump to 1650 as indicators turn bearish.
RISING WEDGE
Ethereum
ETH/USD
1H
It looks like a rising wedge is diagnosed, the price is ready to break out.
A rising wedge predicts a breakdown is likely to occur once price breaks out.
Decline to 1620 looks probable while lower than 1635.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see ethusd shows an ascending triangle and the price demands a more bigger move to confirm ascending triangle breakout.
Once price breaks out, the move could signal that the price to go long.
There is a probability of a further bullish push up to 1620.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
The price builds a descending channel, the price is going to break out.
A descending channel can be thought of as a reliable price formation with a downward bias that identifies a bullish price move when price breaks above resistance.
It is not ruled out that a rangebound towards the 1700 mark will occur.
FALLING WEDGE
Ethereum
ETH/USD
1H
It seems like a falling wedge has been found, the price expects a further move for the certainty of breakout.
A falling wedge depicts a useful chart formation that has a downward slope that often results in an extension in the upward direction once price breaks out to the the upside.
Ethusd hints a change to the upside to 1600 once beyond 1560 as door open for a test of 1600.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel pops up.
A descending channel results in the more likely potential of rising prices in case if price breaks out to the the upside.
A rangebound towards the 1600 zone is possible on a breach of 1580 amid rising bets for the move.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel emerges and ethusd demands a move as an information of a breakout.
If price breaks out to the the upside, the move could predict a next move up.
Ethusd risks a move towards 1600 on a breach of 1560.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel exposed, ethusd expects a further move for the certainty of breakout.
A descending channel typically indicates a countertrend succeeding the current trend once price breaks out.
It is possible that a rangebound towards the 1800 mark will form as ethusd probes 1770 hurdle.
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