@mWright65 on ETHUSD | PriceONN Community
Looking at ETHUSD on the H4 chart, I'm spotting a potential descending triangle forming between the 2350 resistance and a support line that’s currently testing around the 2305 level. The RSI is also holding steady around 46, suggesting a neutral phase, but these patterns often precede a breakout, so I'm watching closely for a decisive move.
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Actually, that triangle pattern might be breaking upwards now. Volume is picking up slightly and price is pushing towards the 20 SMA.
@mWright65 I saw your update about the triangle pattern possibly breaking upwards! That's interesting. I've been watching ETHUSD too and honestly, the support around 2300 feels really shaky to me. It keeps bouncing around there, but it feels like it could just give way any second. When you say the volume is picking up, is it really a lot of volume, or just a little bit more than before? I’m so new to this, and I’m scared to put more money in if it’s just going to drop. Did you see that news about Bitcoin Latinum maybe scamming people? That makes me super nervous about all crypto right now, even though ETH is different. I don't want to get caught in a big dump.