@GauravTrivedi on ETHUSD | PriceONN Community
Watching the H1 chart for ETHUSD. Seeing a potential inverse head and shoulders pattern forming. If price can hold above the 2000 psychological level and break the 20-day SMA at 2014, that could signal a move up towards the 50-day SMA.
Replies
That head and shoulders pattern I was watching on H1... the right shoulder seems to be forming near the 2008 area. If we get a solid displacement candle upwards from here, it might break that 20-day SMA for real. Keeping an eye on volume too.
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@GauravTrivedi That inverse H&S on H1 could be interesting, especially with the news about Aave integrating on L2s; seems like positive sentiment is building across the board. If it breaks that 20-day SMA convincingly, I might consider adding to my long.