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PERSEGI
Ethereum
ETH/USD
4H
We can see that ethusd creates a rectangle.
A rectangle depicts a price indicator that is used to predict that the price to go down once price breaks through the support.
It is not ruled out that a further rangebound towards 2900 will take place.
PANJI / PENNANT
Ethereum
ETH/USD
1H
It looks like a pennant is nearing completion and ethusd needs a further active move as a sign of a breakout.
A pennant tends to be a specific price indicator that is used to indicate extending an uptrend in case if price breaks through the resistance.
Ethusd opens door for a move towards the 2960 level as bulls seeking a new high.
KANAL MENANJAK / ASCENDING CHANNEL
Ethereum
ETH/USD
1H
Ethusd develops an ascending channel.
In case if price breaks down, the resulting move could identify a move down.
Ethusd to suffer a steeper decline towards the 2900 zone as risk reversal sheds bullish bias.
SEGITIGA NAIK
Ethereum
ETH/USD
1H
The price composes an ascending triangle and the price is about to break out.
An ascending triangle describes a technical bearish price action indicator that can be used to identify that the price to go down when price breaks out.
Ethusd to experience further corrective weakness to 2900 on a breakout of the ascending triangle.
KANAL MENANJAK / ASCENDING CHANNEL
Ethereum
ETH/USD
4H
It seems like an ascending channel comes out and the price expects a further bigger move as an information of a breakout.
Once price breaks down, the resulting move could identify that prices move counter to the prevailing price trend.
Ethusd to move back to the 2900 zone on a breach of 2930.
BAJI / WEDGE MENURUN
Ethereum
ETH/USD
1H
Ethusd develops a falling wedge, the price wants an active move to confirm a breakout.
A falling wedge represents a reliable price action signal that can be used to predict a trend change to the upside if price breaks out to the the upside.
Ethusd does not rule out a move to the 3000 zone on a breakout of the falling wedge.
KANAL MENANJAK / ASCENDING CHANNEL
Ethereum
ETH/USD
1H
As we can see an ascending channel is close to being completed.
Once price breaks out to the the downside, the resulting move could predict a pause in an uptrending market.
It is not ruled out that a bearish move towards the 2960 zone will be made as indicators favor bears.
BAJI / WEDGE MENAIK
Ethereum
ETH/USD
4H
A rising wedge has been uncovered, ethusd expects a more strong move as an information of a breakdown.
A rising wedge is a useful chart signal that spots that the price to go short if price breakdown occurs.
Ethusd to nosedive to the 3000 mark while lower than 3020.
KANAL MENURUN / DESCENDING CHANNEL
Ethereum
ETH/USD
1H
A descending channel is almost finished, the price demands a next steady move for the certainty of breakout.
A descending channel is a specific bullish signal that often predicts a tendency to break in the opposite direction when price breaks above resistance.
A bullish price action towards the 3000 mark looks probable.
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