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DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel occurs and the price is breaking out.
A descending channel typically results in that the price to go up once price breaks out.
It is likely that a bullish push up to 2300 will be made.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel turning up and ethusd requests a more move to confirm descending channel breakout.
A descending channel suggests a specific bullish signal that is used to indicate a break in the price direction once price breaks above resistance.
Ethusd to head towards the 2350 zone.
DESCENDING TRIANGLE
Ethereum
ETH/USD
1H
A descending triangle happens and the price is ready to break out.
A descending triangle depicts a reliable bearish price pattern that is used to indicate extending an downtrend once price breaks out.
Ethusd to maintain its negative tone towards 2150.
RISING WEDGE
Ethereum
ETH/USD
1H
The price gives a rising wedge.
A rising wedge often predicts a bearish move when price breakdown occurs.
There is a probability of a further rangebound to the 2300 level once below 2320.
DESCENDING CHANNEL
Ethereum
ETH/USD
1H
There is a descending channel recognized and ethusd calls for a next bullish move for the certainty of breakout.
A descending channel is believed to be a compelling chart indicator that typically results in that the price to go long when price breaks out to the the upside.
Ethusd to prolong the growth phase towards 2400 on a breach of 2340.
FALLING WEDGE
Ethereum
ETH/USD
1H
There is a falling wedge identified.
A falling wedge often predicts a bearish-to-bullish trend reversal when price breaks out to the the upside.
Ethusd to prolong the growth phase towards the 2400 mark.
RECTANGLE
Ethereum
ETH/USD
1D
It seems like a rectangle is close to being complete, the price expects a bigger correction to confirm a breakdown.
In case if price breaks below support, the resulting move could predict a bearish price action.
It is likely that extra downside towards 2700 will happen.
BEARISH FLAG
Ethereum
ETH/USD
4H
We can see that ethusd builds a bearish flag, ethusd needs a further strong move as evidence of a breakout.
In case if price breaks through the support, the resulting move could signal a further move down.
There is a probability of a bearish push down towards the 2800 mark.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge recognized and the price needs a bigger correction to confirm a breakdown.
Once price breaks out to the the downside, the resulting move could indicate an extension in the downward direction.
Ethusd risks a move towards 3000 while lower than 3015.
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