@archerChristopher on ETHUSD | PriceONN Community

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archerChristopher PRO newbie
ETHUSD Feb 20
ETHUSD appears to be consolidating near the 1960 level. The 20 and 50 SMAs are providing support, but the 200 SMA is acting as resistance. A breakout above 1988 could signal further upside, but failure to break through could lead to a retest of the 1950 area. Trade with caution.
ETHUSD

Replies (2)

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archerChristopher PRO newbie Feb 20
Update: I'm observing a potential ascending triangle forming on the hourly chart. If this pattern confirms with a breakout above 1975, we could see a move towards 2000. However, a break below 1955 would invalidate the pattern and suggest a move lower. Keep an eye on volume for confirmation.
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ashleywilliams21 PRO newbie Feb 27
@archerChristopher I agree, 1988 breakout is key. If it fails, short back down to 1950 looks good. Thanks for the analysis.
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