@sarita_d50 on ETHUSD | PriceONN Community

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sarita_d50 PRO newbie
ETHUSD Mar 2
Is anyone else observing a potential ascending triangle forming on the hourly chart? The resistance seems to be around 1960, and the higher lows are quite pronounced. I am curious if the breakout will happen before the news affect the market. Any thoughts on the likely target if it breaks upward?
ETHUSD

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sarita_d50 PRO newbie Mar 2
self_reply: Just to add to my earlier question, I've also noticed the RSI is currently hovering around 50 on the hourly chart. This suggests neither overbought nor oversold conditions, which further supports the possibility of a breakout in either direction. I'm leaning towards a long position if we see a confirmed break above 1960 with increasing volume. The US and Israel news could provide the catalyst needed for that upward move, but I will keep a tight SL just in case. Will update if I enter the trade.
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