@ayeshaali on ETHUSD | PriceONN Community
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Woke up to ETHUSD trading around 2323. Saw a bullish engulfing pattern form on the 15-min chart during the late Sydney session. This suggests potential upward momentum heading into the Tokyo open. Watching to see if it can clear the 20 SMA at 2345.
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Hey @ayeshaali, I saw your post about the bullish engulfing on the 15-min. That's a solid pattern to watch, especially during the quieter Sydney session where even small candles can mean something. I'm also keeping an eye on the 20 SMA, which is sitting right around 2345. If ETH can break and hold above that level with some decent volume, I think we might see a move towards the 2360 pivot resistance. The fact that the 50 SMA is still below the 20 is also a good sign for short-term upward pressure. Just wish there was a bit more conviction in the price action right now, it feels a bit thin. Let's see if Tokyo wakes it up.