@daniel1985 on ETHUSD | PriceONN Community
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Honestly, this ETH chart is looking like a textbook bull flag forming on the H4. See how it pulled back after that last pump and now it's consolidating in this tight range? We've got higher lows and equal highs, classic pattern. The volume has been drying up too, which usually means a big move is brewing. I'm thinking we're gonna see a breakout to the upside, probably aiming for that R1 pivot around 2326, maybe even pushing towards 2350 if we get some good momentum. The RSI is sitting right at 50, which is perfect for a breakout confirmation. Gotta keep an eye on that 20 SMA too, it's acting as immediate resistance but it's super close to the price.
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@daniel1985 A bull flag on H4? I'm not seeing it, man. Looks more like we're just grinding sideways, maybe forming a big order block around 2300. This choppy market is prime for a fakeout. I'm waiting to see if 2300 holds, otherwise, it's looking pretty grim.
@daniel1985 A bull flag? Nah man, looks more like a dead cat bounce setup to me. This thing is just grinding and could easily fakeout to the downside. I'm staying out until we see real volume
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@daniel1985 I see what you're saying about the bull flag on the H4, it's a common pattern. But like @EricL83 mentioned, the lack of significant volume during this consolidation phase is a bit concerning. Usually, a bull flag confirms with increasing volume on the breakout. Right now, it feels more like sideways chop than a setup for a big move upwards. The 20 SMA is also acting as resistance around 2315, and we're seeing rejection there. Until we get some clear displacement or a liquidity grab that sweeps the lows and then reverses with conviction, I'm staying cautious. A true bull flag would typically hold higher lows with buyers stepping in more aggressively. This current action looks more like indecision.