@miaElizabeth on ETHUSD | PriceONN Community
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Is anyone else seeing a potential bullish engulfing pattern forming on the daily chart for ETHUSD 🤔? The last candle really swallowed the previous red one. Could signal a reversal of the recent downtrend, especially with the SMAs all trending upwards. I'm still new to this, so any thoughts would be appreciated! 📈
Replies
Hey @miaElizabeth, I'm seeing that bullish engulfing too! It's def interesting. But, tbh, I'm always a little sus of patterns on the D1 chart... so much noise. I'd want to see some confirmation on a lower timeframe, like H4, before golong. Plus, RSI is getting pretty high, almost overbought. Maybe wait for a slight pullback to buy the dip? Just my 2 cents, still learning myself!