We can see that the price establishes an ascending channel and the price expects a next bigger bearish continuation as a sign of a breakout.
An ascending channel tends to be a useful indicator that is used to signal a move down if price breaks through the support.
There is a chance of corrective downside to 2340.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Sep 6
A descending channel has been discovered.
A descending channel often signals a bullish price action in case if price breaks out.
ETH/USD to maintain its positive tone to the 1650 zone.
Ethereum: Rectangle
ETH/USD,
1 hour
SHORT
Jul 4
There is a rectangle taking place.
Once price breaks down, the resulting move could identify the bulls have run out of steam.
A rangebound to 1945 is probable on a breakdown of the rectangle.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
SHORT
Jan 21
There is an ascending triangle spotted, the price is going to break out.
An ascending triangle denotes a bearish chart formation that identifies extending an downtrend if price breakdown occurs.
It is likely that a move towards the 2470 level will be made once below 2472.
Ethereum: Pennant
ETH/USD,
1 hour
LONG
Nov 20
A pennant is close to being done, ETH/USD requires a strong bullish impulse as a clue of a breakout.
When price breaks above resistance, the resulting move could signal that prices are likely to keep rallying upward.
There is a probability of a bullish push up towards 3140 on a breach of 3125.
Ethereum: Descending Triangle
ETH/USD,
1 hour
LONG
May 26
A descending triangle emerges.
A descending triangle represents a useful bullish price indicator that is used to identify a sharp rise once price breaks through the resistance.
There is a probability of a bullish move to 3780 once above 3760 as bulls looking for profit.
Ethereum: Descending Triangle
ETH/USD,
1 hour
LONG
Nov 18
It looks like a descending triangle is very close to being finished, the price expects a bigger bullish action to confirm a breakout.
A descending triangle typically signals the bears have run out of steam in case if price breaks out.
ETH/USD now looks to the 3120 mark as ETH/USD is at a brink of a bullish breakout.
Ethereum: Rectangle
ETH/USD,
1 hour
SHORT
Apr 21
There is a rectangle noticed, the price demands further bigger push down as an indication of a breakout.
When price breaks out to the the downside, the move could spot prices are likely to keep falling downward.
A rangebound to 1920 is a possibility.
Ethereum: Descending Channel
ETH/USD,
4 hours
LONG
Mar 21
There is a descending channel recognized and ETH/USD lacks a further strong move as a signal of a breakout.
A descending channel often indicates a move up if price breaks above resistance.
ETH/USD to push up towards 3600 as the cryptocurrency nears 3500 hurdle.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Jan 29
A rectangle is found.
A rectangle suggests a bullish price action formation that results in a further move up once price breaks through the resistance.
ETH/USD to continue the appreciation trend to 2320 on a breakout of the rectangle.
Ethereum: Bearish Rectangle
ETH/USD,
4 hours
SHORT
Mar 9
As we can see ETH/USD sets up a bearish rectangle, the price requests a further active move as an indication of a breakout.
A bearish rectangle is said to depict a compelling bearish chart signal that is used to signal the more likely potential of falling prices in case if price breakdown occurs.
A bearish move towards 1540 looks probable.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
Sep 30
There is an ascending channel detected and ETH/USD asks for a more active move as an information of a breakdown.
In case if price collapses through the support line, the resulting move could spot an extension in the downward direction.
A bearish push down to the 2600 zone looks probable on a breakout of the ascending channel as ETH/USD becomes bearish.
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Ethereum · ETH/USD