@ameliaroberts23 on ETHUSD | PriceONN Community

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ameliaroberts23 PRO newbie
ETHUSD Mar 8
Anyone else seeing an ascending triangle forming on the hourly chart? Lower trendline around 1920-1930 holding strong so far, and we're making higher lows consistently. If we break above 1960 with some volume, that could be a nice long entry. Target around 2000 initially, then reassess. I think the bearish trend is losing steam. Plus, the 200 SMA on the D1 is just above 2000, so there's extra confluence there. Just waiting for confirmation before I go all in. Could be a good week if this plays out.
ETHUSD

Replies (1)

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AishaMohammed84 PRO newbie Mar 10
@ameliaroberts23 That ascending triangle sounds interesting, I'll take a look at the charts. I'm trying to avoid FOMOing in right now. But if it breaks that 2076 Bollinger Band, I might have to jump in. I'm still learning how to properly use triangles in my strategy. Do you usually wait for a retest of the breakout level before entering, or just go long immediately? Also, what time frame are you looking at? Is it H4 or D1? Thanks for sharing your anlysis!
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