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.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 22
A descending channel emerges.
Once price breaks through the resistance, the resulting move could indicate a break in the price direction.
ETH/USD to head to 1820.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Apr 27
A descending channel has been exposed and the price is going to break out now.
A descending channel typically identifies a next move up once price breaks out.
ETH/USD to resume its rise towards 3160.
Ethereum: Pennant
ETH/USD,
1 day
LONG
Dec 28
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: Ascending Triangle
ETH/USD,
4 hours
SHORT
May 22
An ascending triangle is encountered.
An ascending triangle typically signals a sharp decline when price breaks through the support.
ETH/USD could recede towards the 1780 mark on a breakout of the ascending triangle.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
LONG
Feb 28
We can see that an ascending triangle develops, ETH/USD demands further active rise for the certainty of breakout.
An ascending triangle indicates that prices are likely to keep rallying upward if price breaks out.
ETH/USD risks a move towards 3280 as there is room for a upside correction.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
May 22
As we can see a rectangle has been distinguished, the price expects a bigger move to confirm a breakout.
A rectangle typically indicates a further move up when price breaks out.
ETH/USD to look for a further push to 1825.
Ethereum: Bullish Flag
ETH/USD,
1 day
LONG
Mar 14
There is a bullish flag exposed.
In case if price breaks out, the move could signal a breakout higher.
There is a probability of a bullish run to 1700.
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Aug 6
ETH/USD shapes a falling wedge and the price is breaking out.
A falling wedge typically predicts an extension in the upward direction if price breaks out to the the upside.
It is not ruled out that a move towards 1836 will take place on a breach of 1834 as bulls looking for upside correction.
Ethereum: Bearish Rectangle
ETH/USD,
1 hour
SHORT
May 11
It looks like a bearish rectangle develops, the price is ready to break out soon.
A bearish rectangle provides a reliable bearish pattern that can be used to indicate extending an downtrend when price collapses through the support line.
ETH/USD to suffer a steeper decline towards the 1800 mark.
Ethereum: Bullish Flag
ETH/USD,
1 hour
LONG
Feb 12
A bullish flag develops and the price is close to breaking out.
A bullish flag provides a chart pattern that often predicts that the price to go up in case if price breaks out.
ETH/USD to turn bullish to 2510 on impulse above 2500.
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Ethereum · ETH/USD