Open:
High:
Low:
Close:
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel emerges.
If price breaks through the support, the resulting move could spot a bearish price move.
A move towards 2010 looks probable.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle is almost finished, ethusd wants a next bullish action as a verification of a breakout.
A symmetrical triangle identifies the more likely potential of rising prices once price breaks out to the the upside.
It is not ruled out that a further bullish move to the 2020 level will be made.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
A descending channel arises.
A descending channel describes a useful pattern that has a downward slope that often signals that the price to go long in case if price breaks through the resistance.
There is a chance of a move towards 2050.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle appears.
An ascending triangle is said to depict a bearish price action pattern that typically signals the bulls have run out of steam once price breakdown occurs.
Ethusd to move back towards the 2000 level on a downside break.
PENNANT
Ethereum
ETH/USD
1H
A pennant arises.
A pennant results in a further move up if price breaks through the resistance.
It is possible that a move to the 2020 level will happen once beyond 2015 as there is a chance for a upside correction.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It looks like a descending channel is close to being finished and the price calls for push up as an information of a breakout.
A descending channel provides a reliable chart signal that typically spots a break during a downtrending market when price breaks out to the the upside.
Ethusd to push up to the 2040 level.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
We can see that the price shapes an ascending triangle and the price is close to breaking out soon.
An ascending triangle is a technical chart formation that spots a bearish move when price breakdown occurs.
Ethusd to continue lower towards the 2060 level.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see the price creates a descending triangle.
In case if price breakdown occurs, the resulting move could identify a next move down.
There is a possibility of a move towards 2060 on a breach of 2065.
FALLING WEDGE
Ethereum
ETH/USD
1H
A falling wedge is almost finished, the price calls for next bigger rise to confirm a breakout.
A falling wedge tends to be a reliable price action signal that can be used to predict extending an uptrend once price breaks above resistance.
A bullish continuation to 2100 looks possible.
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