@miaAva76 on ETHUSD | PriceONN Community
Morning, folks. Just sipping my coffee and charting ETHUSD. Seeing a potential ascending triangle forming on the H4 chart. Resistance around 2040 needs to break for confirmation. If it does, we could see a nice move up. Gotta keep an eye on that CPI data later though, could throw a wrench in things.
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@miaAva76 I'm also watching that resistance around 2040 you mentioned. I'm a newbie so I don't know much, but it does look like it's trying to push through. Maybe that news about inflation will help it?
@miaAva76 I'm seeing that ascending triangle too, but the volume hasn't been convincing enough for me to jump in yet. I'd like to see a stronger breakout with increased volume before considering a long position. Plus, that inflation data could definitely shake things up, so waiting is probably the best move.