Open:
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Close:
DESCENDING TRIANGLE
Ethereum
ETH/USD
1D
There is a descending triangle forming and ethusd demands a steady move for the certainty of breakout.
A descending triangle often indicates that the price to go up in case if price breaks through the resistance.
Ethusd to maintain its positive tone to 2200.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel appearing.
An ascending channel typically results in a breakdown is likely to occur if price breaks through the support.
Ethusd does not rule out a move to the 2100 zone.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel is very close to being finished, the price is about to break out.
A descending channel represents a compelling bullish price indicator that is used to predict the more likely potential of rising prices in case if price breaks through the resistance.
A rangebound towards 2150 looks probable.
PENNANT
Ethereum
ETH/USD
1H
There is a pennant forming, the price is close to breaking out now.
A pennant is a useful indicator that typically results in extending an uptrend in case if price breaks above resistance.
Ethusd to turn bullish to 2080 on a breakout of the pennant.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
Ethusd shapes a symmetrical triangle, the price is ready to break out soon.
A symmetrical triangle depicts a chart indicator that can be used to identify the bears have run out of steam when price breaks out.
Ethusd does not rule out a move to the 2080 level.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like ethusd builds an ascending channel and the price wants push down as an information of a breakout.
An ascending channel can be thought of as a useful formation that can be used to identify a bearish price action once price breakdown occurs.
It is likely that extra downside towards 2020 will take place.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is close to being finished.
In case if price breaks through the resistance, the move could spot a bullish price action.
Ethusd challenges a move towards 2080 on a breakout of the descending channel.
RECTANGLE
Ethereum
ETH/USD
1H
There is a rectangle emerging and the price expects a further bearish continuation as proof of a breakdown.
A rectangle signals the more likely potential of falling prices when price breakdown occurs.
There is a chance of a further bearish move towards 2000 once below 2010 as downtrend may continue.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that an ascending channel appears.
An ascending channel indicates a further move down if price breaks out to the the downside.
Ethusd tests a move to the 2020 mark.
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