@chibuzor5075 on ETHUSD | PriceONN Community
Watching ETHUSD on the H4 chart, looks like we're forming a pretty clear ascending triangle pattern. The price is getting squeezed between a flat resistance line and rising support. If we break out of this bullish structure to the upside, could see a nice move towards the 2450-2500 area. Need to see volume confirm the breakout though, don't want to get caught in an inducement play.
Replies
Yeah, that flat resistance on the triangle is key. If it holds and we get rejected there, this whole bullish setup could be invalidated quickly. Gotta watch that liquidity grab carefully.