@pjoshi583 on ETHUSD | PriceONN Community
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I'm seeing a bit of a symmetrical triangle forming on the ETHUSD chart over the last few days. It's kind of consolidating in this range. Wondering if we'll get a breakout soon, and in which direction 🤔. It feels like it's building up energy for a move, but I'm too cautious to jump in without a clear signal. 👀
Replies
Hey @pjoshi583, I saw your post about the symmetrical triangle. Yeah, it's definitely consolidating in that range, looking like it's stuck between the 2046 resistance and around 2004 support from the Bollinger bands. It feels like something big is brewing but I'm also hesitant to FOMO in. Honestly, with how choppy things have been lately, especially after hearing some folks question Bitcoin's narrative and that big treasury company pausing purchases, I'm not sure which way it'll break. Could it be a fakeout? The news cycle is so wild, it's hard to get a clear read on anything right now. I'm just hoping for a clean break so I can get in with less risk.