@DRao33 on ETHUSD | PriceONN Community

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DRao33 PRO newbie
ETHUSD Apr 12
Watching ETHUSD right now and it feels really uncertain. I'm trying to learn more about chart patterns, but I'm not sure if I'm seeing things correctly. Does anyone else see a potential falling wedge forming on the 1-hour chart? I'm still a bit new to identifying these, so any feedback would be appreciated.
ETHUSD

Replies (1)

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DRao33 PRO newbie Apr 12
Actually, thinking about that falling wedge idea, it often signals a potential breakout to the upside. But with the current bearish trend and the news about the Ether Machine thing, I'm not so sure if it will play out that way. It's confusing because the price is dropping, but that pattern usually means the opposite. Maybe the market is just overreacting to the news and will recover. I'm just hoping my small investment doesn't disappear. It's hard to make sense of it all when the price is moving this much.
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