@stephanie1990 on ETHUSD | PriceONN Community
Just noticed a descending triangle forming on the 1-hour chart for ETHUSD. It's been hugging that resistance line for a bit now. If we break below that lower support trendline, I think we're in for a pretty sharp drop, possibly back towards the 2000 level.
Replies
Hey @stephanie1990, a descending triangle sounds kinda worrying. I'm new to this, but when you say break below support, like the 2040s area? I'm worried about losing money, so I'm always watching it closely. Hope it doesn't drop too much.
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Oh man, @stephanie1990, a descending triangle sounds pretty concerning. I’m always a bit nervous when I hear about patterns that point to drops. So, if it breaks below like 2045, that's the danger zone?