@shadowfax892 on ETHUSD | PriceONN Community
S
Yo, I'm seeing this massive ascending triangle on the ETHUSD chart, and it's screaming breakout. We've got higher lows getting printed and that flat resistance line just above 2400. This feels like it's about to rip hard, especially with the overall crypto market cap looking so strong. I'm thinking of going all in on a long position here, maybe with like 100x leverage. This is the kind of setup I live for. If this breaks out, we're talking serious gains.
Replies
Hey @shadowfax892, that ascending triangle sounds really interesting. I'm still learning all the chart patterns, but I've heard they can be pretty reliable signals. I'm not sure if I'm seeing the same thing you are on the chart though. For me, ETH has been looking a bit shaky lately, and I'm a little worried about it dropping more. My trade from earlier is already showing a small loss and I'm not sure if I should cut it or wait it out. Are you absolutely sure about that breakout? Like, what if it's a bull trap and it ends up dumping?