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ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like ethusd builds an ascending channel.
An ascending channel depicts a reliable price formation that can be used to predict a break during an uptrending market if price collapses through the support line.
Ethusd risks further decline towards the 1970 mark.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like a descending channel turns up and the price is ready to break out soon.
A descending channel represents a reliable chart formation that has a downward slope that can be used to predict a bullish price move once price breaks out to the the upside.
Ethusd to have better chances of advancing to the 2010 zone.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel detected, the price is about to break out soon.
A descending channel is considered to be a compelling chart formation with a downward bias that is used to signal a countertrend succeeding the current trend once price breaks above resistance.
It is likely that a rangebound to the 2020 mark will take place as minor hurdle remains at 1995.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel occuring, the price asks for a bigger move for the certainty of breakout.
A descending channel depicts a compelling bullish price pattern with a downward bias that identifies a bullish move if price breaks through the resistance.
There is a probability of a bullish price action to the 2000 zone on a upside break.
PENNANT
Ethereum
ETH/USD
4H
A pennant has been uncovered.
When price breaks below support, the move could indicate a further move down.
It is likely that decline towards 1980 will happen on a breakdown of the pennant as ethusd challenges 1995 hurdle.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like an ascending channel takes place, ethusd asks for a more strong bearish continuation to confirm ascending channel breakout.
An ascending channel is considered to be a specific bearish price indicator that is used to indicate that the price to go down if price breaks through the support.
Ethusd could attempt a move towards the 2015 zone on a breakout of the ascending channel.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel coming out, the price is breaking out.
An ascending channel often indicates a break in the price direction once price breaks out.
Ethusd risks further decline to 2020 as sell-off may continue.
PENNANT
Ethereum
ETH/USD
1H
We can see that a pennant is almost finished, ethusd demands a more bigger bullish impulse as a signal of a breakout.
A pennant is considered to be a specific price action pattern that often indicates a bullish price action once price breaks out.
It is possible that a further move to 2040 will occur.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like ethusd completes an ascending triangle, the price calls for a bigger move as an information of a breakout.
An ascending triangle identifies extending an downtrend once price breaks below support.
A bearish move to the 2020 zone looks likely on a breach of 2020.
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