A descending channel is close to being complete and ETH/USD needs a move as proof of a breakout.
A descending channel often indicates a bullish price move if price breaks out to the the upside.
There is a chance of a bullish move towards the 3420 zone as door open for the continuation of the uptrend.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
May 22
A descending channel emerges.
Once price breaks through the resistance, the resulting move could indicate a break in the price direction.
ETH/USD to head to 1820.
Ethereum: Descending Channel
ETH/USD,
1 hour
LONG
Mar 19
It looks like a descending channel has been identified, the price is ready to break out.
A descending channel often predicts price heading to a new direction in case if price breaks above resistance.
ETH/USD to continue higher towards the 1940 mark.
Ethereum: Ascending Triangle
ETH/USD,
4 hours
SHORT
May 22
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: 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: 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: 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.
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