@olivia3251 on ETHUSD | PriceONN Community

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Is anyone else seeing a potential ascending triangle forming on the hourly chart? The series of higher lows is interesting, but I'm concerned about the volume. It seems to be decreasing as we approach the theoretical apex. Could this be a false signal, or am I missing something crucial in the overnight data?
ETHUSD

Replies (1)

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olivia3251 PRO newbie Mar 2
Güncelleme: Regarding the ascending triangle I mentioned earlier, I've noticed the RSI is also showing a bearish divergence on the H4 timeframe. This further strengthens my skepticism about a genuine breakout. I'm going to wait for a confirmed break below the lower trendline of the triangle, around 1960, before considering a short position. If it breaks upwards, I'd need to see a significant volume increase to consider a long. Otherwise, it's likely a fakeout scenario. Still studying the charts...
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