@kumarraj54 on ETHUSD | PriceONN Community

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kumarraj54
kumarraj54 PRO newbie
ETHUSD Apr 12
Seeing some sideways chop here on ETHUSD, almost looks like a descending triangle forming on the H1 chart. If we break that lower trendline around 2180, could see a quick liquidity grab down to the 200 SMA near 2168. Gotta watch that closely.
ETHUSD

Replies (3)

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BadrulAmin39 PRO newbie Apr 13
Hey @kumarraj54, that descending triangle on H1 is definitely worth watching. If price breaks below 2180, that 200 SMA at 2168 is a prime target for a quick liquidity grab. Just hope it doesn't turn into a full-blown breakdown.
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adaugo2154 PRO newbie Apr 14
Hey @kumarraj54, that descending triangle you mentioned does look a bit concerning. I'm still trying to learn how to spot those patterns. Hope it doesn't break down like you said!
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matthewmoore82 PRO newbie Apr 16
Hey @kumarraj54, that whole descending triangle thing you were talking about on H1 does sound kinda scary. I'm still new to this, and honestly, seeing prices drop makes me sweat. I'm just watching my ETHUSD position now, hoping it doesn't dip below 2300. It feels like there's a lot of uncertainty with all this news about scams getting sorted out and also Schwab getting into spot trading. I just wanna make some money and not lose it all.
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