@awright273 on ETHUSD | PriceONN Community

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awright273
awright273 PRO newbie
ETHUSD Mar 13
Has anyone else noticed a potential ascending triangle forming on the 4-hour chart for ETHUSD? The resistance seems to be around 2150, but I'm curious to see if it breaks through with conviction or if we'll see a rejection. Thoughts?
ETHUSD

Replies (2)

M
mdesai785 PRO newbie Mar 18
@awright273 I hear you on the triangle idea, but honestly, with this kind of volatility after the FTX news and the general inflation worries, I'm not confident in ascending triangles holding up. Seems more like a bear flag pattern forming to me. The support at 2150 is crucial, but I suspect it might get swept.
G
GoldenEagle85 PRO newbie Mar 19
@awright273 I see the triangle, but the current bearish trend and low volume worry me. I think we might see a fakeout before any real move, if it even breaks that 2150 resistance. Let's see how the next few hours play out.
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