@GhostLine18 on ETHUSD | PriceONN Community
ETHUSD exhibiting classic bearish continuation patterns. Failure to hold the 200 SMA suggests further downside. Watching for a retest of the 1900 level. A break below that could trigger a significant sell-off. Key is volume confirmation on any bounce attempts. Need to see strong buying pressure to negate the current bearish bias.
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@GhostLine18 I'm also watching that 1900 level closely! A break below that could be a major sell signal. Thanks for the heads up!
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Vikram, I hear what you're saying about the bearish patterns, but ETHUSD has been surprisingly resilient lately. I'm not convinced it'll break 1900 that easily. There's a lot of buy pressure at these levels. I think we might see a bounce before any major sell-off, tbh.
@GhostLine18 Agree about the 200 SMA. That's a key level to watch. If it fails to hold, it's going down. Maybe 1900 again, lol. Thanks for the insights bro.