@omolaraoladipo76 - ETHUSD | PriceONN Topluluk
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I'm observing a potential descending triangle forming on the H4 chart. The series of lower highs is concerning, but the horizontal support around 1940-1950 is proving resilient so far. What are your thoughts on the validity of this pattern, particularly given the relatively neutral RSI reading? Is it premature to anticipate a breakdown, or should we wait for more definitive confirmation with increased volume and a clear break below the support zone? I'm also curious about how others are factoring in the proximity of the 200 SMA into their analysis of this potential pattern.