There is a bullish flag occuring.
A bullish flag signals that the price to go long if price breaks out to the the upside.
ETH/USD turns higher to 3140 on a break above 3130.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Jun 30
There is a descending channel appearing and ETH/USD requests a more move as an indication of a breakout.
In case if price breaks above resistance, the move could spot a break in the price direction.
There is a possibility of a bullish price action towards 3400 on a breakout of the descending channel.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Apr 25
It seems like a descending channel is uncovered.
A descending channel can be thought of as a reliable chart indicator that can be used to identify a temporary interruption of an existing trend once price breaks through the resistance.
It is not ruled out that a bullish continuation to the 1860 level will occur on a upside break.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
Mar 29
There is a rising wedge spotted.
A rising wedge denotes a technical price action signal that can be used to spot a next move down once price breaks down.
It is likely that a rangebound towards 3500 will form as ETH/USD loses bullish momentum.
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Dec 13
ETH/USD forms a falling wedge, the price is breaking out.
When price breaks through the resistance, the move could identify a further move up.
ETH/USD to extend its advance to the 2200 level as weakness seen overdone.
Ethereum: Pennant
ETH/USD,
1 hour
SHORT
Aug 22
There is a pennant discovered and the price lacks a further steady move as a verification of a breakout.
In case if price breakdown occurs, the move could signal a bearish price move.
ETH/USD to continue lower to 1650 as risk reversal sheds bullish bias.
Ethereum: Bearish Flag
ETH/USD,
1 hour
SHORT
Oct 25
A bearish flag is very close to being completed, the price breaks out soon.
If price breaks below support, the resulting move could spot that the price to go short.
ETH/USD risks extra losses towards the 2510 level once below 2518.
Ethereum: Symmetrical Triangle
ETH/USD,
1 hour
SHORT
Apr 23
We can see that a symmetrical triangle is very close to being completed and ETH/USD lacks a further bearish move for clear breakdown confirmation.
A symmetrical triangle often indicates a bearish price action if price breaks below support.
ETH/USD to fall towards 1850 once below 1862.
Ethereum: Ascending Channel
ETH/USD,
4 hours
SHORT
Dec 18
An ascending channel has been encountered, ETH/USD requests a more move as a verification of a breakout.
Once price breaks down, the resulting move could spot a bearish price move.
Extra downside to the 3850 zone is about to happen on a breakdown of the ascending channel as risk reversal sheds bullish bias.
Ethereum: Descending Triangle
ETH/USD,
1 hour
SHORT
Apr 16
It looks like the price gives a descending triangle and the price needs a bigger correction as a signal of a breakdown.
If price breaks through the support, the resulting move could identify prices are likely to keep falling downward.
ETH/USD risks a correction towards 2080 as the cryptocurrency nears 2088 hurdle.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Dec 23
There is a descending channel happening, the price is ready to break out soon.
In case if price breaks through the resistance, the move could signal a bullish move.
A bullish run towards 3400 is probable.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Jan 6
There is a descending channel arising.
A descending channel typically spots a tendency to break in the opposite direction once price breaks through the resistance.
A bullish continuation to 3660 is going to happen on a breach of 3650.
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Ethereum · ETH/USD