@FatimaAliyu on ETHUSD | PriceONN Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

F
Considering the current consolidation around 1998, is anyone else observing a potential ascending triangle forming on the 4-hour chart? A breakout above 2017.5 (R2) could confirm the pattern, but I'm also wary of the RSI hovering near 50. What are your thoughts on the validity of this pattern given the neutral RSI?
ETHUSD

Replies (1)

C
chukwudi5541 PRO newbie Mar 3
Hi @FatimaAliyu, the ascending triangle on the H4 chart is a good point. I'm also seeing that, but I agree that the RSI hovering near 50 makes it tricky. If it breaks above 2017.5, that would be a bullish signal, but I'd want to see it hold above that level for at least a few hours before getting too excited. Also, I'm a bit concerned about the overall bearish pressure in the market right now. It might be a good idea to wait for a retest of the breakout level before entering a long position. Better safe than sorry, tbh.
EURUSD 1.16022 -0.25%
GBPUSD 1.34171 -0.34%
USDJPY 159.88250 +0.00%
XAUUSD 4,460.89 -0.60%
XAGUSD 73.14 -2.61%
BTCUSD 63,832 -5.56%
SP500 6,572.87 +0.74%
BRENT 100.04 +1.17%
0:00 0:00