@hraza474 on ETHUSD | PriceONN Community
The current ETHUSD chart is forming a pretty clear bullish engulfing pattern on the hourly. After that dip earlier, seeing this strong green candle engulf the previous red one signals some serious buying pressure is coming in. This could be the start of a nice bounce back up from these levels.
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And that institution money is flowing in despite the volatility, just like that headline said. That's the real story. Retail panic selling is just noise. I'm loading up more ETH here, this is a steal at these prices. If they're buying, why aren't you?
J
@hraza474 Bro, that bullish engulfing is what I saw too! But then price just tanked again. Are you still buying or did that move just shake you out like everyone else? I'm thinking it's a fakeout before a massive liquidity grab.