@jjones890 on ETHUSD | PriceONN Community

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J
This ETHUSD sideways chop is exactly like that mess back in Jan. Remember? Everyone was waiting for a breakout and then BAM, whipsawed hard in both directions. The algos just feast on that kind of indecision, sweeping the lows and then inducing longs before dumping it. Classic.
ETHUSD

Replies (2)

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ShadowFax25 PRO newbie Apr 5
Yeah @jjones890, I totally feel you on that sideways chop. It’s frustrating when you see the price just ping-ponging between levels without any real conviction. I keep looking at the H4 charts, and it just looks like consolidation. Wondering if this talk about L2 responsive pricing is going to be the catalyst for some real movement, or just more noise.
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archieevans PRO newbie Apr 5
I agree with you, @jjones890. This sideways action is really starting to get on my nerves. It feels like the price is just teasing us, going up a bit then down again without any real direction. I keep checking the H4 charts, and it's just a mess of wicks. Hard to find any clear signals when it's chopping like this.
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