A Channel Up pattern was identified on ETHUSD at 2761.42, creating an expectation that it may move to the resistance line at 2909.9934. It may break through that line and continue the bullish trend or it may reverse from that line.
Supported by Upward sloping Moving Average
Target: 2909.9934 Entry: 2761.42 Stop: 2687.29
Broke through Support level of 0.8043 at 8/22 16:00. Possible bearish price movement forecast for the next 1 day towards 0.7986. Target: 0.8082 Entry: Stop: 0.8016
Broke through Support level of 1.1464 at 12/12 22:00. Possible bearish price movement forecast for the next 12 hours towards 1.1439. Target: 1.1472 Entry: Stop: 1.1459
The last 16 4 hour candles on ETHUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 2029.1264.