Open:
High:
Low:
Close:
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
As we can see an ascending triangle is distinguished, the price is going to break out.
An ascending triangle typically results in an extension in the upward direction when price breaks out.
There is a probability of a further bullish price action towards 2960.
PENNANT
Ethereum
ETH/USD
4H
We can see that a pennant is detected and the price requires a more strong move for clear breakout confirmation.
A pennant is a compelling pattern that can be used to indicate the more likely potential of falling prices once price breakdown occurs.
Ethusd to move downward to 2920 on a downside break.
RISING WEDGE
Ethereum
ETH/USD
1H
The price shows a rising wedge.
A rising wedge represents a technical price indicator that can be used to indicate a next move down if price breaks down.
Ethusd hints a change to the downside towards 2930 while lower than 2936 as ethusd becomes vulnerable.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1D
Ethusd sets up a descending triangle.
In case if price breaks through the resistance, the move could signal a bullish price action.
A bullish push up to the 3200 zone is not ruled out on impulse above 2950 as bulls lurking in demand zone.
FALLING WEDGE
Ethereum
ETH/USD
4H
A falling wedge is close to being complete, the price is ready to break out.
A falling wedge is considered to be a useful chart signal that predicts a bullish price action if price breaks out to the the upside.
There is a probability of a move to 3000 on impulse above 2950.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
An ascending triangle is close to completion, the price breaks out.
If price breaks out, the move could spot a next move down.
It is likely that decline to the 2920 level will take place on a break below 2925.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
There is an ascending channel poping up.
An ascending channel identifies a reliable indicator that can be used to indicate a bearish move once price breaks down.
There is a possibility of a bearish continuation to 2900.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel revealed, the price is going to break out now.
In case if price breaks out, the move could signal the more likely potential of rising prices.
There is a possibility of a bullish push up to the 2980 level.
ASCENDING TRIANGLE
Ethereum
ETH/USD
1H
It looks like an ascending triangle has been spotted, the price lacks more active pullback as proof of a breakdown.
Once price collapses through the support line, the resulting move could spot a next move down.
There is a possibility of a further bearish push down towards the 2900 level.
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