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DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel detected, ethusd expects a more move for clear breakout confirmation.
A descending channel describes a specific formation that is angled down that is used to signal a bullish price move if price breaks above resistance.
Ethusd violates bearish trendline towards the 3150 mark.
FALLING WEDGE
Ethereum
ETH/USD
1H
As we can see the price develops a falling wedge, the price is close to breaking out.
When price breaks out to the the upside, the resulting move could signal a temporary interruption of an existing trend.
A bullish move to the 3150 level about to be made as door open for a test of 3150.
ASCENDING CHANNEL
Ethereum
ETH/USD
4H
There is an ascending channel forming and the price is ready to break out now.
An ascending channel provides a specific chart signal that typically signals a further move down if price breakdown occurs.
Ethusd pulls away from recent highs towards the 3000 zone.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel identified.
An ascending channel is considered to be a specific price signal that often identifies that the price to go short when price breaks out.
Ethusd risks potential downside to 3150 as ethusd becomes depressed.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel emerging, the price is close to breaking out.
An ascending channel typically signals a break in the price direction in case if price breaks out.
A further bearish run to 3140 is not ruled out on a breach of 3155 as ethusd becomes capped.
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle turns up and the price requires a move as evidence of a breakout.
If price breaks out, the move could indicate the more likely potential of rising prices.
Ethusd to jump to the 3160 zone.
RISING WEDGE
Ethereum
ETH/USD
1H
A rising wedge is close to being done and the price is ready to break out.
A rising wedge signals that the price to go short if price breaks down.
Ethusd to slump towards the 3120 mark on a breach of 3135.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
We can see that an ascending triangle is identified and ethusd asks for next strong push up as evidence of a breakout.
An ascending triangle signals the more likely potential of rising prices once price breaks out.
It is not ruled out that a bullish move towards the 3160 mark will form amid rising bets for the move.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle developing and ethusd expects a more bigger move to confirm ascending triangle breakout.
An ascending triangle often predicts a move up when price breaks above resistance.
Ethusd looks ready to further extend its gains to 3060 on a break above 3050.
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