There is a pennant developing and the price breaks out.
If price breaks out to the the upside, the resulting move could identify that the price will rally further.
A bullish price action towards the 2400 zone is likely on a breach of 2340 as indicators turn bullish.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
Sep 27
A descending channel forms.
A descending channel provides a useful price formation that indicates a next move up in case if price breaks out.
ETH/USD to recover bullish potential to the 1600 level.
Ethereum: Pennant
ETH/USD,
1 hour
SHORT
Oct 9
A pennant is very close to being finished.
A pennant is believed to be a reliable bearish price signal that typically signals a bearish price action in case if price breaks through the support.
ETH/USD points to the downside to the 1625 level as door open for the continuation of the downtrend.
Ethereum: Rectangle
ETH/USD,
1 hour
SHORT
Aug 11
The price creates a rectangle and ETH/USD needs a more bigger move as an information of a breakdown.
A rectangle spots a bearish move in case if price collapses through the support line.
There is a possibility of a bearish price action towards the 1845 level on a breakout of the rectangle.
Ethereum: Bearish Rectangle
ETH/USD,
1 hour
SHORT
Jan 7
A bearish rectangle is close to completion and the price is ready to break out soon.
A bearish rectangle provides a signal that typically signals a bearish price move when price breaks below support.
It is likely that a bearish price action towards the 2230 level will be made.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Apr 25
It seems like a descending channel is uncovered.
A descending channel can be thought of as a reliable chart indicator that can be used to identify a temporary interruption of an existing trend once price breaks through the resistance.
It is not ruled out that a bullish continuation to the 1860 level will occur on a upside break.
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Dec 13
ETH/USD forms a falling wedge, the price is breaking out.
When price breaks through the resistance, the move could identify a further move up.
ETH/USD to extend its advance to the 2200 level as weakness seen overdone.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Mar 29
There is a rising wedge spotted.
A rising wedge denotes a technical price action signal that can be used to spot a next move down once price breaks down.
It is likely that a rangebound towards 3500 will form as ETH/USD loses bullish momentum.
Ethereum: Pennant
ETH/USD,
1 hour
SHORT
Aug 22
There is a pennant discovered and the price lacks a further steady move as a verification of a breakout.
In case if price breakdown occurs, the move could signal a bearish price move.
ETH/USD to continue lower to 1650 as risk reversal sheds bullish bias.
Ethereum: Symmetrical Triangle
ETH/USD,
1 hour
SHORT
Apr 23
We can see that a symmetrical triangle is very close to being completed and ETH/USD lacks a further bearish move for clear breakdown confirmation.
A symmetrical triangle often indicates a bearish price action if price breaks below support.
ETH/USD to fall towards 1850 once below 1862.
Ethereum: Descending Triangle
ETH/USD,
1 hour
SHORT
Apr 16
It looks like the price gives a descending triangle and the price needs a bigger correction as a signal of a breakdown.
If price breaks through the support, the resulting move could identify prices are likely to keep falling downward.
ETH/USD risks a correction towards 2080 as the cryptocurrency nears 2088 hurdle.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Mar 24
A descending channel is close to being complete and ETH/USD needs a move as proof of a breakout.
A descending channel often indicates a bullish price move if price breaks out to the the upside.
There is a chance of a bullish move towards the 3420 zone as door open for the continuation of the uptrend.
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Ethereum · ETH/USD