An ascending triangle is encountered.
An ascending triangle typically signals a sharp decline when price breaks through the support.
ETH/USD could recede towards the 1780 mark on a breakout of the ascending triangle.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
LONG
Feb 28
We can see that an ascending triangle develops, ETH/USD demands further active rise for the certainty of breakout.
An ascending triangle indicates that prices are likely to keep rallying upward if price breaks out.
ETH/USD risks a move towards 3280 as there is room for a upside correction.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
May 22
As we can see a rectangle has been distinguished, the price expects a bigger move to confirm a breakout.
A rectangle typically indicates a further move up when price breaks out.
ETH/USD to look for a further push to 1825.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Aug 15
An ascending channel is close to being done.
An ascending channel describes a compelling price action indicator that typically predicts a bearish price action when price breakdown occurs.
ETH/USD to push down towards the 2600 mark as ETH/USD becomes depressed.
Ethereum: Bullish Flag
ETH/USD,
1 day
LONG
Mar 14
There is a bullish flag exposed.
In case if price breaks out, the move could signal a breakout higher.
There is a probability of a bullish run to 1700.
Ethereum: Bearish Rectangle
ETH/USD,
4 hours
SHORT
Sep 4
As we can see a bearish rectangle is determined and the price calls for more active pullback as evidence of a breakout.
In case if price breaks out to the the downside, the resulting move could signal prices are likely to keep falling downward.
ETH/USD to drop towards 2400 on a downside break.
Ethereum: Descending Triangle
ETH/USD,
1 hour
LONG
Aug 23
We can see that the price builds a descending triangle and ETH/USD calls for a bigger move as a verification of a breakout.
A descending triangle is believed to be a compelling price formation that indicates a bullish move once price breaks out to the the upside.
It is not ruled out that a bullish price action towards 2660 will form as the mood may improve.
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Aug 6
ETH/USD shapes a falling wedge and the price is breaking out.
A falling wedge typically predicts an extension in the upward direction if price breaks out to the the upside.
It is not ruled out that a move towards 1836 will take place on a breach of 1834 as bulls looking for upside correction.
Ethereum: Bearish Rectangle
ETH/USD,
1 hour
SHORT
May 11
It looks like a bearish rectangle develops, the price is ready to break out soon.
A bearish rectangle provides a reliable bearish pattern that can be used to indicate extending an downtrend when price collapses through the support line.
ETH/USD to suffer a steeper decline towards the 1800 mark.
Ethereum: Bullish Flag
ETH/USD,
1 hour
LONG
Feb 12
A bullish flag develops and the price is close to breaking out.
A bullish flag provides a chart pattern that often predicts that the price to go up in case if price breaks out.
ETH/USD to turn bullish to 2510 on impulse above 2500.
Ethereum: Descending Triangle
ETH/USD,
4 hours
LONG
Jun 20
A descending triangle is discovered and the price demands a further strong move as proof of a breakout.
A descending triangle describes a specific bullish chart signal that typically predicts that the price will rally further when price breaks through the resistance.
ETH/USD pushes higher to 1760 as ETH/USD becomes bullish.
Ethereum: Ascending Triangle
ETH/USD,
1 hour
SHORT
Mar 14
An ascending triangle is close to being finished and the price requires a next bearish continuation to confirm a breakdown.
When price breaks below support, the move could predict an extension in the downward direction.
There is a possibility of a bearish push down towards 3960.
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