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ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle forms, the price is about to break out now.
An ascending triangle depicts a specific bearish chart indicator that typically indicates a bearish move once price collapses through the support line.
There is a chance of corrective downside towards the 1880 mark.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel poping up.
An ascending channel signals a change in price direction in case if price breakdown occurs.
Ethusd risks a correction towards the 1880 level amid rising bets for the move.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
There is a descending channel encountered and the price is close to breaking out soon.
A descending channel describes a compelling indicator that can be used to signal a bullish price action when price breaks above resistance.
There is a possibility of a move towards 1880 on a breach of 1875 as downside pressure seen easing.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge emerging and the price asks for a strong move as proof of a breakout.
In case if price breaks out, the resulting move could predict extending an downtrend.
Extra downside towards 1865 looks possible.
RECTANGLE
Ethereum
ETH/USD
1H
Ethusd completes a rectangle, the price is ready to break out.
When price breaks out, the move could signal that the price to go up.
It is not ruled out that a further bullish move towards the 1880 level will take place once beyond 1878.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
The price completes a descending triangle, the price is going to break out.
A descending triangle is considered to be a specific chart signal that often spots a bullish move once price breaks above resistance.
It is possible that a bullish continuation to the 1880 level will happen once above 1868.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like a falling wedge is almost done.
A falling wedge often signals a change in the prevailing trend once price breaks through the resistance.
A bullish price action towards 1880 stays on the cards.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge turning up, the price asks for a next strong bearish move as an indication of a breakout.
A rising wedge often predicts that prices move counter to the prevailing price trend when price breakdown occurs.
It is possible that a bearish run to 1840 will form on a breakout of the rising wedge as door open for a test of 1840.
DESCENDING CHANNEL
Ethereum
ETH/USD
4H
We can see that a descending channel is close to being finished, the price is close to breaking out soon.
A descending channel suggests a bullish chart signal that signals an extension in the upward direction once price breaks through the resistance.
A rangebound to 1900 stays on the cards on a breakout of the descending channel.
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