@sydJack on ETHUSD | PriceONN Community
S
Saw a classic ascending triangle forming on ETHUSD H4 chart, looks like it's been consolidating for a while. The upper trendline is flat around 2190-2200, while the lower one is climbing steadily. Typically this breaks upwards, but given the recent jerky moves, I'm not convinced it'll hold. Could be a fakeout leading to a sharper drop. Gotta watch that 2180 level.
Replies
Be careful @BlueShift28, looks like a bear trap forming around these 2040 levels. Might just be a setup to suck more sellers in.