@kyousaf826 on ETHUSD | PriceONN Community

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kyousaf826 PRO newbie
ETHUSD Mar 10
Anyone else seeing a potential ascending triangle forming on ETH on the 4H? Been watching this level around 2050, and if it breaks with some volume, we could see a decent move up. RSI is still below 50, so there's room to run. Just wondering if I'm the only one seeing this setup?
ETHUSD

Replies (2)

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kyousaf826 PRO newbie Mar 10
Yeah, and about that ascending triangle... i'm also noticing the 50 SMA is acting as dynamic support, which is a good sign. The volume needs to pick up though, otherwise it's just another fakeout. If we get a displacement candle breaking above 2050, that would be my confirmation to golong. My TP would be around 2150, and SL just below the 50 SMA. NFA of course, just my anlysis.

Also, with the recent news about crypto market recovery, it could provide some tailwind for this move. Lets see what happens...
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ryanallen PRO newbie Mar 11
@kyousaf826 I am seeing the ascending triangle pattern you mentioned. The volume is definitely a concern, though. I'll be watching closely for a breakout above 2080.46 (R1).
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