@bravecreek on ETHUSD | PriceONN Community
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wow this eth is really flying up, saw a bullish engulfing candle on the 15m chart just now, looked pretty strong. Hope it keeps this momentum and doesnt fake us out.
Replies
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yeah overbought definitely, but this is the asian session, sometimes it just grinds higher until London wakes up. Saw that Iran news earlier too, maybe that's affecting crypto sentiment?
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Yeah @bravecreek, I'm seeing the same thing. This Asian session grind is textbook. It's slow, but it's pushing higher. That bullish engulfing on the 15m could mean something, or it could just be noise before London really steps in. With the Iran news floating around, it's hard to say if it's pure sentiment or something more substantial driving crypto. I'm watching the R1 pivot around 2350. If we can consolidate above that and break through the Bollinger upper band, then we might see some real momentum. But yeah, always gotta respect the potential for a fakeout in this market. Let's see how the London open plays out.
Hey @bravecreek, that bullish engulfing is interesting! I'm keeping an eye on it too. Let's hope it's not just a quick fake-out and we see some follow-through to the upside.