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DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like a descending triangle is close to completion and the price calls for a more strong bearish move as evidence of a breakdown.
When price collapses through the support line, the move could spot the bulls have run out of steam.
Ethusd to turn bearish towards 2000 on a downside break.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
An ascending channel is very close to being finished, ethusd lacks a bigger correction as an information of a breakout.
If price collapses through the support line, the move could spot a bearish move.
Ethusd to suffer further downside to 2000 as the cryptocurrency sticks to the negative mood.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
The price shapes an ascending channel, ethusd demands a more bigger move as a clue of a breakout.
In case if price breakdown occurs, the resulting move could spot price reversal after a pause.
It is not ruled out that a further bearish price action towards 2050 will occur on a break below 2110.
DESCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that a descending triangle has been noticed, the price lacks an active move as an indication of a breakout.
A descending triangle tends to be a technical price signal that can be used to signal that the price to go long when price breaks out to the the upside.
A bullish move towards the 2100 zone looks possible on a breach of 2050.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see ethusd shapes a falling wedge.
A falling wedge often predicts a next move up when price breaks above resistance.
A rangebound to the 2000 mark about to be made as extra rangebound not ruled out.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge observed.
A falling wedge typically indicates a bullish price action once price breaks out to the the upside.
Ethusd to turn bullish to 1960 as indicators favor bulls.
FALLING WEDGE
Ethereum
ETH/USD
4H
The price composes a falling wedge and the price lacks a steady move as a signal of a breakout.
A falling wedge represents a reliable price action signal that is used to predict price heading to a new direction in case if price breaks out.
Ethusd to look for a further push to the 2050 mark on a breakout of the falling wedge.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
We can see that ethusd shows an ascending channel, ethusd calls for more strong pullback as an indication of a breakout.
An ascending channel is said to depict a useful bearish price pattern that results in a bearish price action when price breaks out to the the downside.
There is a possibility of a bearish price action to the 1960 zone.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge materializes and ethusd expects a more move as a clue of a breakdown.
A rising wedge indicates that the price to go short in case if price breaks out to the the downside.
Ethusd could recede towards the 1960 level on a breakout of the rising wedge.
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