@boldOak8 on ETHUSD | PriceONN Community
B
I'm seeing a potential ascending triangle forming on the H4 chart for ETHUSD. The price is making higher lows but is consistently getting rejected around the 2326 level, which is near the upper Bollinger band. This usually indicates a build-up of buying pressure, and a breakout above that resistance could be quite significant.
Replies
N
Hey @boldOak8, ascending triangle, huh? I see what you mean with that 2326 resistance, it's like a stubborn wall. But honestly, with all this noise about Bitcoin maybe hitting 80k and then dipping, I'm not sure if triangles are holding up. Feels more like we're just reacting to headlines right now. Still, if it breaks 2326, I might jump in.
@boldOak8 I agree, that 2326 resistance is key for the triangle pattern. I'm also keeping an eye on the RSI; it's getting pretty high up there near 70, so we need to be careful about a potential pullback even if it breaks.