Open:
High:
Low:
Close:
PENNANT
Ethereum
ETH/USD
1H
There is a pennant recognized, ethusd demands a more move for clear breakout confirmation.
A pennant suggests a formation that is used to spot the more likely potential of rising prices in case if price breaks out.
A bullish move to 2980 is on the cards on a breach of 2965 as the cryptocurrency is at a brink of a bullish breakout.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle has been detected and the price lacks a bigger correction as proof of a breakdown.
An ascending triangle spots a bearish price move in case if price breaks out.
Ethusd to turn bearish towards 2940.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see a descending triangle is close to being done.
A descending triangle often predicts a sharp rise if price breaks out.
There is a possibility of a bullish run towards 2980 on a upside break as minor hurdle remains at 2965.
RISING WEDGE
Ethereum
ETH/USD
1H
As we can see a rising wedge is almost finished.
If price breaks out, the move could spot that the price to go short.
Ethusd to extend the correction lower towards 2940 on a breach of 2960 amid rising bets for the move.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like ethusd forms a falling wedge, the price wants a further move to confirm falling wedge breakout.
In case if price breaks out to the the upside, the move could predict a bullish move.
It is not ruled out that a bullish push up towards 2980 will take place once beyond 2960 as minor hurdle remains at 2960.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle distinguished.
In case if price breaks down, the move could spot the bulls have run out of steam.
It is not ruled out that a move to 2920 will be made as upside pressure alleviates.
PENNANT
Ethereum
ETH/USD
1H
As we can see the price builds a pennant and the price is ready to break out.
A pennant suggests a reliable bullish chart formation that is used to identify a bullish price move in case if price breaks above resistance.
Ethusd to move upward to the 3000 zone on a break above 2970 amid the cryptocurrency reclaims part of the ground lost.
PENNANT
Ethereum
ETH/USD
1H
It seems like a pennant arises.
If price breakdown occurs, the move could signal that the price to go down.
Ethusd to extend the fall towards 2900.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like a descending channel takes place and the price is going to break out.
A descending channel provides a technical bullish chart formation that is used to predict a move up when price breaks out.
It is possible that a bullish continuation to 3000 will happen.
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