A descending triangle has been recognized and ETH/USD wants a more bigger move to confirm descending triangle breakout.
When price breaks through the support, the resulting move could spot that the price to go down.
It is likely that corrective downside towards 3440 will occur on a breach of 3450 as the cryptocurrency challenges 3450 hurdle.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
LONG
Oct 20
An ascending triangle has been diagnosed.
An ascending triangle spots a bullish price action once price breaks above resistance.
It is likely that a bullish move towards 2655 will happen on a breakout of the ascending triangle as minor hurdle remains at 2652.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Apr 23
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Dec 7
There is a falling wedge arising, the price is close to breaking out.
Once price breaks out, the resulting move could predict an interruption of a downtrend.
There is a chance of a further bullish push up to the 2280 mark.
Ethereum: Descending Triangle
ETH/USD,
1 hour
LONG
Sep 22
A descending triangle comes out and the price expects a next bigger move to confirm descending triangle breakout.
A descending triangle depicts a compelling formation that results in a bullish price action in case if price breaks through the resistance.
A move towards 2600 is likely on a breakout of the descending triangle as ETH/USD looks bid.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
Dec 1
It seems like a descending channel is very close to being completed and ETH/USD requires a move as an indication of a breakout.
A descending channel is believed to be a specific price signal that typically indicates that prices are likely to keep rallying upward once price breaks above resistance.
It is likely that a further rangebound towards the 2060 mark will be made as door open for the continuation of the uptrend.
Ethereum: Bearish Flag
ETH/USD,
4 hours
SHORT
Jul 31
It seems like a bearish flag is revealed, the price requests a more steady move to confirm a breakout.
A bearish flag is said to depict a compelling bearish chart indicator that can be used to spot reversals in uptrends once price breaks out to the the downside.
There is a probability of a bearish push down towards 3250 as ETH/USD failes to keep gains.
Ethereum: Descending Triangle
ETH/USD,
1 hour
SHORT
Jun 23
There is a descending triangle emerging.
A descending triangle represents a bearish chart signal that is used to predict that the price to go down if price breakdown occurs.
ETH/USD to drop towards the 3440 zone.
Ethereum: Rectangle
ETH/USD,
4 hours
SHORT
Apr 19
As we can see a rectangle is close to being finished, the price is close to breaking out soon.
A rectangle identifies a further move down when price breaks through the support.
There is a possibility of a bearish push down to the 2040 zone as gains remain capped.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Jan 15
It seems like a descending channel materializes and the price is breaking out.
A descending channel is considered to be a useful bullish price pattern that can be used to indicate price reversal after a pause once price breaks above resistance.
There is a probability of a rangebound towards the 3300 mark.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Feb 4
We can see that a descending channel has been diagnosed.
A descending channel is a reliable price action signal that can be used to identify a bullish move in case if price breaks out.
ETH/USD looks north to the 2310 mark on a breach of 2306.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Nov 21
It looks like a rectangle is almost completed.
A rectangle depicts a useful bullish price action indicator that can be used to signal an extension in the upward direction if price breaks out.
A bullish run to 3140 is probable.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Ethereum · ETH/USD