Open:
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ASCENDING CHANNEL
Ethereum
ETH/USD
4H
Ethusd builds an ascending channel and the price asks for a move as a clue of a breakdown.
An ascending channel depicts a technical price pattern that has an upward slope that results in a potential bearish reversal in price action if price breaks below support.
It is likely that a bearish move towards the 1880 zone will take place.
RECTANGLE
Ethereum
ETH/USD
1H
A rectangle is nearing completion, the price is breaking out.
Once price collapses through the support line, the move could predict a bearish price move.
Ethusd risks further downside towards 1900 as there is room for a downside correction.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
An ascending channel is spotted, ethusd expects strong push down as a verification of a breakdown.
An ascending channel identifies a price action indicator that identifies prices are likely to keep falling downward in case if price breaks through the support.
There is a chance of a rangebound towards the 1920 zone as the cryptocurrency becomes weaker.
BEARISH FLAG
Ethereum
ETH/USD
4H
A bearish flag is very close to being completed, the price demands a more steady move for the certainty of breakout.
A bearish flag can be thought of as a chart pattern that is angled up that predicts that the price to go short when price breaks out to the the downside.
Ethusd to continue lower towards 1920 once below 1925.
BULLISH FLAG
Ethereum
ETH/USD
1H
A bullish flag is close to completion.
A bullish flag signals a trend change to the upside if price breaks above resistance.
A move to 1950 is about to happen on a break above 1938.
RISING WEDGE
Ethereum
ETH/USD
1H
As we can see a rising wedge is close to being done and the price is ready to break out.
A rising wedge often signals that the price to go short in case if price breaks out to the the downside.
There is a possibility of a bearish run to 1920.
ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see ethusd forms an ascending channel and ethusd asks for an active move as an indication of a breakdown.
An ascending channel typically identifies a move down if price breakdown occurs.
Ethusd pulls back to 1900.
RISING WEDGE
Ethereum
ETH/USD
1H
There is a rising wedge diagnosed.
When price collapses through the support line, the move could indicate a sharp decline.
It is possible that extra downside to 1920 will take place as the cryptocurrency challenges 1930 hurdle.
ASCENDING TRIANGLE
Ethereum
ETH/USD
4H
There is an ascending triangle encountered.
An ascending triangle is considered to be a technical signal that indicates a sharp rise once price breaks out.
Ethusd to extend its rebound to 1960 as downside pressure seen easing.
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