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DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
There is a descending triangle taking place.
When price breaks through the resistance, the resulting move could predict the bears have run out of steam.
Ethusd risks a move to 3380.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1D
There is an ascending triangle materializing.
An ascending triangle indicates a bullish price move if price breaks through the resistance.
It is likely that a bullish push up to the 3400 mark will happen on impulse above 3350 as weakness seen overdone.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel develops and the price is ready to break out.
A descending channel spots that the price to go up in case if price breaks out to the the upside.
It is possible that a bullish move to the 3160 mark will happen.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle coming out.
An ascending triangle depicts a technical price formation that is used to indicate that prices are likely to keep rallying upward in case if price breaks through the resistance.
There is a possibility of a further move towards the 3180 level as ethusd is at a brink of a bullish breakout.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel revealed and the price requires a strong impulse up as an information of a breakout.
A descending channel is believed to be a bullish indicator that is used to predict that the price to go long once price breaks out.
There is a probability of a bullish move towards 3160 once above 3145 as ethusd becomes supported.
RECTANGLE
Ethereum
ETH/USD
1H
As we can see a rectangle is spotted and ethusd lacks an active bearish action to confirm rectangle breakdown.
A rectangle is believed to be a reliable price signal that can be used to indicate a sharp decline once price collapses through the support line.
There is a possibility of a bearish run to 3080 as the cryptocurrency nears 3100 hurdle.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel spotted.
An ascending channel suggests a useful price indicator that spots a bearish move if price breaks out to the the downside.
Ethusd turns bearish towards 3080 on a breach of 3105.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel detected, ethusd asks for a more strong correction as a signal of a breakout.
An ascending channel is said to depict a useful price indicator that often indicates a bearish move if price breaks through the support.
Ethusd to prolong the corrective phase towards 3100.
RISING WEDGE
Ethereum
ETH/USD
1H
It looks like a rising wedge is close to being done and the price requires a move as a verification of a breakout.
A rising wedge denotes a price signal that results in price heading to a new direction when price breaks out to the the downside.
A bearish move to the 3100 zone is on the cards on a breakout of the rising wedge as the cryptocurrency nears 3110 hurdle.
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