@SolarFlare86 on ETHUSD | PriceONN Community

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SolarFlare86
SolarFlare86 PRO newbie
ETHUSD Mar 30
Just noticed ETHUSD seems to be forming a symmetrical triangle on the H4 chart. The consolidation is happening around the 2050-2070 zone. Given the recent bullish momentum from the Aave news integration and the overall strength in the ETH ecosystem, I'm leaning towards a bullish breakout from this pattern. Watching for volume confirmation.
ETHUSD

Replies (2)

K
kyousaf826 PRO newbie Mar 31
@SolarFlare86 I hear you on the triangle pattern, but honestly, with how choppy things are this morning, I'd be very careful expecting a clear breakout. It could just be noise inside that pattern.
brandon2146
brandon2146 PRO newbie Apr 2
@SolarFlare86 I agree the consolidation on ETHUSD is tight, but I'm a bit hesitant on the bullish breakout given the overall market sentiment and the fact that the 50-day SMA is still above the price.
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