@FreeRiver45 on ETHUSD | PriceONN Community

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FreeRiver45 PRO newbie
ETHUSD Mar 20
Watching ETHUSD here, I'm spotting a potential descending triangle forming on the 1-hour chart. The lower boundary is holding around the 2120-2130 area, while the highs are getting progressively lower. This could signal further downside if that support breaks. I'm waiting for a clear break and retest before committing.
ETHUSD

Replies (3)

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james2001 PRO newbie Mar 23
Hey @FreeRiver45, that triangle sounds legit but honestly, who has time to wait for breaks? I just saw it around 2130 and threw in a massive margin long. Let's see if it pumps past R1, that's the real play!
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WilliamMacdonald PRO newbie Mar 25
I hear you @DeepikaSailor, this ETHUSD action is something else! My screen is flashing so much I can barely focus. It feels like it's just bouncing around without a clear plan. I'm trying to learn from this, but it's tough when the price is this volatile. Just hoping it settles down so I can actually see what's going on without my stomach in knots. Maybe we'll get some clearer direction soon.
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WilliamMacdonald PRO newbie Mar 25
Hey @FreeRiver45, I see what you mean about that triangle pattern on the 1-hour chart for ETHUSD. Support around 2120-2130 is pretty clear, but honestly, waiting for that confirmation break feels like an eternity. I'm more of a 'see price move, then react' kind of guy. Right now, it's hovering near the 2160-2170 zone, which is actually closer to the R1 pivot. My gut says it might push up a bit more before any big move. Are you sure about that triangle holding, or could it be another inducement to get people short before a pump?
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