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BEARISH FLAG
Ethereum
ETH/USD
1D
It looks like ethusd shapes a bearish flag, ethusd calls for a next bigger move as a sign of a breakout.
Once price breaks through the support, the resulting move could predict that the price to go short.
Ethusd to accomodate to 3100 as the cryptocurrency becomes depressed.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel appearing, the price demands a further move to confirm a breakout.
An ascending channel can be thought of as a technical bearish price formation with an upward bias that predicts a pause in an uptrending market in case if price breaks out.
Ethusd still risks a move towards 3300 on a breach of 3320 as ethusd failes to keep gains.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
An ascending channel has been encountered and the price is breaking out.
When price breaks out to the the downside, the resulting move could predict a bearish move.
It is not ruled out that extra downside to 3250 will take place while below 3290.
PENNANT
Ethereum
ETH/USD
1H
As we can see ethusd shapes a pennant and the price requires a next active move to confirm pennant breakout.
A pennant is a reliable bullish price action pattern that can be used to predict a bullish move when price breaks out to the the upside.
Ethusd advances higher to 3330.
RISING WEDGE
Ethereum
ETH/USD
1H
It seems like a rising wedge is close to being done, the price is going to break out now.
A rising wedge often identifies a countertrend succeeding the current trend if price breaks below support.
There is a probability of extra downside towards the 3300 level.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like the price forms a descending triangle, ethusd wants a strong move as an indication of a breakout.
A descending triangle often identifies a move up in case if price breaks above resistance.
There is a chance of a rangebound to 3300.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like a falling wedge is very close to being completed, the price is ready to break out.
Once price breaks out, the resulting move could indicate a next move up.
It is likely that a rangebound towards 3300 will take place on a breach of 3295 as bullish momentum increases.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle poping up, the price wants a next move as a verification of a breakout.
Once price breaks below support, the move could indicate prices are likely to keep falling downward.
There is a possibility of a bearish move to the 3260 mark on a breakout of the descending triangle.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle uncovered.
Once price breaks through the resistance, the resulting move could identify a move up.
Ethusd to increase bullish potential towards 3320 once above 3310.
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