@RicardoCruz23 on ETHUSD | PriceONN Community
R
Anyone else seeing this descending triangle pattern on the 1-hour chart for ETH? It looks like it's been forming for a few days now, with lower highs and kind of a flat support around 2110-2115. I'm worried it's going to break down because it keeps bouncing off the 50 SMA on the 4H chart, but it's not showing much strength to go up. It feels like a trap. If it breaks that 2100 level, I don't even want to think about where it might go. Is anyone else looking at this and thinking it's a bearish sign, or am I just seeing ghosts because I'm down on my position?