The price forms an ascending channel.
An ascending channel represents a chart indicator that typically signals a sharp decline once price collapses through the support line.
ETH/USD risks extra losses towards 3820 as the cryptocurrency becomes vulnerable.
Ethereum: Descending Channel
ETH/USD,
1 day
LONG
6 days ago
A descending channel is close to being completed, the price is close to breaking out.
In case if price breaks out, the resulting move could signal a further move up.
Ethusd to increase bullish potential towards 3200.
Ethereum: Rectangle
ETH/USD,
1 day
LONG
Mar 18
It seems like a rectangle forms, ETH/USD wants a bigger move as a verification of a breakout.
A rectangle depicts a price action indicator that can be used to signal extending an uptrend in case if price breaks through the resistance.
A further move to the 1800 mark is possible as ETH/USD challenges 1720 hurdle.
Ethereum: Descending Triangle
ETH/USD,
1 hour
SHORT
Jun 11
A descending triangle occurs and ETH/USD wants bigger fall as a verification of a breakout.
A descending triangle can be thought of as a chart formation that spots extending an downtrend if price breakdown occurs.
It is likely that a rangebound towards 3620 will happen on a breach of 3640.
Ethereum: Bullish Flag
ETH/USD,
1 hour
LONG
Apr 3
It looks like a bullish flag is almost done and the price requests a further bigger bullish impulse to confirm bullish flag breakout.
A bullish flag often results in a bullish price action if price breaks through the resistance.
There is a possibility of a further move towards the 1820 zone on a breach of 1810 as there is room for a upside correction.
Ethereum: Bearish Rectangle
ETH/USD,
1 hour
SHORT
Sep 24
As we can see a bearish rectangle is close to being finished, the price is going to break out now.
A bearish rectangle typically signals that the price to go down in case if price breaks below support.
Ethusd challenges a move to the 4120 level.
Ethereum: Descending Triangle
ETH/USD,
1 hour
SHORT
Jun 9
As we can see a descending triangle develops, the price is close to breaking out.
A descending triangle typically signals a bearish move if price breaks out.
There is a possibility of extra downside to 1830 as the cryptocurrency challenges 1834 hurdle.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Oct 12
There is a rectangle poping up.
A rectangle represents a useful pattern that is used to identify a move up once price breaks through the resistance.
Ethusd turns bullish towards 3900 as minor hurdle remains at 3850.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Jun 17
It looks like an ascending channel emerges and the price is close to breaking out.
Once price collapses through the support line, the move could predict that the price to go short.
It is likely that a bearish price action towards 3560 will happen on a breakdown of the ascending channel.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Jun 20
It seems like a rectangle has been uncovered, the price is about to break out.
A rectangle describes a technical chart formation that typically results in a bullish move if price breaks out.
ETH/USD looks ready to further extend its gains to the 1750 mark on impulse above 1744.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
Feb 24
It looks like a bearish flag pops up.
A bearish flag depicts a compelling price action signal that indicates an extension in the downward direction in case if price breakdown occurs.
ETH/USD to slide towards the 2750 level.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
Mar 14
The price shapes an ascending channel and ETH/USD requests a further correction for clear breakdown confirmation.
An ascending channel describes a reliable formation that is angled up that is used to signal a move down once price breakdown occurs.
Corrective downside to 3900 is probable on a downside break as door open for the continuation of the downtrend.
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Ethereum · ETH/USD