There is a descending channel recognized, the price asks for a next strong impulse up as a clue of a breakout.
A descending channel depicts a formation that often signals a tendency to break in the opposite direction if price breaks above resistance.
ETH/USD turns higher to 1880.
Ethereum: Ascending Channel
ETH/USD,
1 hour
SHORT
Feb 20
It looks like an ascending channel is diagnosed and the price is ready to break out now.
An ascending channel describes a reliable bearish pattern that can be used to signal a bearish price action when price collapses through the support line.
It is possible that a bearish push down towards 2850 will occur.
Ethereum: Ascending Triangle
ETH/USD,
4 hours
LONG
Dec 2
It looks like the price develops an ascending triangle.
An ascending triangle represents a compelling price action pattern that indicates the bears have run out of steam if price breaks through the resistance.
A bullish run towards 2120 is likely to happen once above 2100.
Ethereum: Rectangle
ETH/USD,
1 hour
LONG
Feb 18
It looks like a rectangle is close to being complete and the price is going to break out soon.
When price breaks out, the resulting move could spot that the price will rally further.
ETH/USD to grind higher to 2840.
Ethereum: Descending Triangle
ETH/USD,
1 hour
LONG
Aug 13
It looks like a descending triangle happens.
A descending triangle suggests a compelling price action pattern that is used to signal a further move up in case if price breaks above resistance.
A bullish move to the 1852 level is a possibility.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Oct 19
There is a descending channel poping up, ETH/USD needs a next bigger move for the certainty of breakout.
A descending channel is said to depict a technical price formation that has a downward slope that can be used to spot a bullish price move if price breaks above resistance.
ETH/USD to look for a further push towards the 1580 level on a breach of 1570.
Ethereum: Rising Wedge
ETH/USD,
1 hour
SHORT
May 30
A rising wedge is almost done, the price expects a more active move for the certainty of breakdown.
A rising wedge is believed to be a chart formation that can be used to identify a change in the prevailing trend if price breaks through the support.
ETH/USD set to lose more ground to 1890 while below 1902.
Ethereum: Pennant
ETH/USD,
1 hour
SHORT
Mar 16
There is a pennant poping up.
A pennant typically results in the more likely potential of falling prices in case if price breaks out to the the downside.
It is possible that a move to the 3600 zone will take place on a breakout of the pennant.
Ethereum: Falling Wedge
ETH/USD,
1 hour
LONG
Jan 29
A falling wedge happens, ETH/USD calls for a further active move as a signal of a breakout.
A falling wedge signals that the price will rally further when price breaks out to the the upside.
There is a probability of a further bullish run to 2280.
Ethereum: Descending Triangle
ETH/USD,
4 hours
LONG
Apr 3
We can see that a descending triangle is very close to being completed and the price is about to break out.
A descending triangle often signals a downward trend is nearing its end once price breaks above resistance.
There is a chance of a bullish run to the 1840 mark.
Ethereum: Bullish Flag
ETH/USD,
1 hour
LONG
Oct 29
We can see that a bullish flag is close to being complete and the price needs a bit more consolidation as a verification of a breakout.
A bullish flag spots a tendency to break in the opposite direction when price breaks through the resistance.
There is a probability of a bullish price action towards 1800.
Ethereum: Descending Triangle
ETH/USD,
1 hour
SHORT
Sep 4
There is a descending triangle exposed.
When price collapses through the support line, the resulting move could predict a bearish move.
ETH/USD to continue the dereciation trend towards the 1625 level while lower than 1627 as the cryptocurrency challenges 1627 hurdle.
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Ethereum · ETH/USD