As we can see a bearish flag appears and the price lacks a more move as proof of a breakout.
A bearish flag signals extending an downtrend if price breaks out to the the downside.
It is likely that a bearish move towards 3350 will form as bears seeking a new low.
Ethereum: Symmetrical Triangle
ETH/USD,
1 hour
LONG
Oct 19
It seems like a symmetrical triangle is nearing completion, ethusd demands a next steady impulse up as a signal of a breakout.
If price breaks through the resistance, the resulting move could indicate a move up.
It is possible that a bullish continuation to 3900 will happen on impulse above 3885.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Jun 23
There is a rising wedge found.
A rising wedge typically results in reversals in uptrends if price collapses through the support line.
There is a possibility of a further move to 3490.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Jan 7
As we can see an ascending channel is close to being complete.
An ascending channel suggests a technical formation that often predicts a further move down once price breaks down.
It is likely that extra downside towards the 3660 zone will occur.
Ethereum: Rectangle
ETH/USD,
1 day
SHORT
Oct 12
It seems like a rectangle appears, the price is ready to break out soon.
Once price breaks out to the the downside, the move could identify a bearish move.
Ethusd to push down to the 3600 level on a breach of 3800 as the cryptocurrency nears 3800 hurdle.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
Sep 19
There is a descending channel encountered.
A descending channel identifies a useful bullish chart pattern that is used to spot a change in the prevailing trend when price breaks out to the the upside.
There is a probability of a bullish price action towards 2500.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Dec 11
There is an ascending channel found and the price is about to break out now.
An ascending channel identifies a compelling chart pattern with an upward bias that is used to predict extending an downtrend once price breaks out to the the downside.
It is likely that a bearish push down to 2320 will form while below 2330.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
SHORT
Jan 12
We can see that an ascending triangle is almost completed and the price is ready to break out soon.
An ascending triangle typically spots extending an downtrend once price breakdown occurs.
ETH/USD opens door for a move to the 3220 zone on a breach of 3240.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Jul 13
As we can see a descending channel has been recognized, the price wants a next move to confirm descending channel breakout.
A descending channel suggests a bullish pattern that is angled down that can be used to signal a downward trend is about to reverse into an upnward trend when price breaks out to the the upside.
It is not ruled out that a bullish continuation towards the 1890 zone will form on impulse above 1886 as indicators favor bulls.
Ethereum: Pennant
ETH/USD,
1 day
SHORT
Sep 23
There is a pennant emerging.
A pennant tends to be a useful pattern that typically spots a bearish price action once price collapses through the support line.
There is a possibility of a bearish price action towards the 4200 zone as door open for a test of 4200.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
LONG
Nov 9
There is an ascending triangle uncovered and ETH/USD requests a next move as a signal of a breakout.
An ascending triangle typically spots an extension in the upward direction when price breaks above resistance.
There is a chance of a bullish price action towards 1905 while above 1902 as ETH/USD is at a brink of a bullish breakout.
Ethereum: Bullish Rectangle
ETH/USD,
1 hour
LONG
Oct 19
A bullish rectangle is recognized and the price is ready to break out now.
A bullish rectangle suggests a price signal that can be used to spot a bullish price move in case if price breaks through the resistance.
Ethusd to peak towards 3940 while above 3920.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Ethereum · ETH/USD