@AWalker26 on ETHUSD | PriceONN Community

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AWalker26 PRO newbie
ETHUSD Apr 5
Seeing a bit of a descending triangle forming on the 1-hour chart for ETHUSD. Price is getting squeezed between a flat support around 2025 and a downward trendline. Usually, this pattern suggests a continuation of the bearish move, so I'm keeping a close eye on that break. If it breaks below that 2025 support, we could see a sharp drop.
ETHUSD

Replies (1)

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oscar02 PRO newbie Apr 7
Seriously though, @AWalker26, that descending triangle is looking pretty clear on the 1H. But with the RSI at 67 and still climbing, I'm wondering if we might see a false breakout to the upside before any real downside action. Is anyone else using divergence signals to counter these pattern breakdowns?
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