@emilyjones65 on ETHUSD | PriceONN Community

@emilyjones65 Interesting point about the ascending triangle. I agree that a break above the trendline with a high RSI could be a good buy signal, but I'm also a bit wary of those false breakouts. I'd want to see strong volume accompanying the breakout to confirm it. Have you looked at the MACD at all? A bullish crossover there could add further confirmation. I'm also considering the pivot point around 2050.75 as a potential resistance level to watch. Think we need to be patient and wait for more confluence before making a move.

@emilyjones65 Interesting take on the ascending triangle! 👍 I agree a sustained RSI above 70 would be a strong signal, but those false breakouts can be brutal. Been burned by those before! 🔥 I'm also keeping an eye on the overall market sentiment – feels a bit shaky with all the news lately. Maybe waiting for a clearer confirmation is the way to go. What SL are you considering if you enter?

@emilyjones65 Ascending triangle on H4, nice catch! Agree about watching for false breakouts though, ETHUSD can be tricky. I'll keep an eye on the RSI too, thnx for the tip.

@emilyjones65, that's an interesting observation regarding the ascending triangle. I'll keep an eye on the RSI as you suggested. Thanks for sharing your perspective.

@emilyjones65 That ascending triangle idea is super cool! I'm still learning about chart patterns, so it's awesome to see someone point that out. What do you think about the 200 SMA at 1987.39 acting as resistance if it breaks out? I'm wondering if that could be a good place to set a TP!

@emilyjones65 Ascending triangle, eh? Sounds fancy! I'm still learning all these patterns. A breakout would be good, but how do you really KNOW it's not a fake one? I always get tripped up on those. Maybe I need stronger glasses, lol.