Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Ethereum
ETH/USD
1H
A symmetrical triangle is close to being finished, the price requires rise as an indication of a breakout.
Once price breaks above resistance, the move could predict the bears have run out of steam.
Ethusd to extend its rebound to the 1980 mark as there is room for a upside correction.
BULLISH FLAG
Ethereum
ETH/USD
4H
A bullish flag is close to being complete.
In case if price breaks out, the move could spot price heading to a new direction.
Ethusd embarks on a bullish correction towards 2000 while above 1950.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge coming out, ethusd expects a strong move as a clue of a breakout.
A falling wedge is said to depict a useful price action pattern that has a downward slope that indicates an interruption of a downtrend when price breaks through the resistance.
Ethusd to look for a further push to 1960.
BEARISH FLAG
Ethereum
ETH/USD
1H
It seems like a bearish flag is very close to being finished, the price is ready to break out.
A bearish flag indicates that the price to go down in case if price breaks out to the the downside.
Ethusd hints a change to the downside towards 1940 on a breach of 1945 as extra rangebound not ruled out.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
It seems like a descending channel is revealed and the price is going to break out.
A descending channel signals a next move up if price breaks through the resistance.
Ethusd to extend its rebound towards the 1980 zone.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
Ethusd develops a descending channel.
A descending channel typically predicts a countertrend succeeding the current trend if price breaks out to the the upside.
Ethusd does not rule out a move towards 1980 on a breakout of the descending channel as ethusd is at a brink of a bullish breakout.
FALLING WEDGE
Ethereum
ETH/USD
1H
It looks like a falling wedge happens and the price breaks out.
A falling wedge is believed to be an indicator that can be used to identify price heading to a new direction if price breaks above resistance.
Ethusd dives out bearish trendline towards the 2040 level once beyond 2030.
RECTANGLE
Ethereum
ETH/USD
1H
It seems like the price sets up a rectangle, ethusd asks for more bigger pullback for the certainty of breakdown.
When price collapses through the support line, the resulting move could predict a further move down.
There is a possibility of a bearish continuation to the 2000 level.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle developing, the price breaks out now.
An ascending triangle often identifies a move down if price collapses through the support line.
Ethusd to suffer further downside towards 2000 while below 2060.
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