@lily_r77 on ETHUSD | PriceONN Community
L
Hey everyone, I'm pretty new to ETHUSD but I'm watching the charts right now. Does anyone else see what looks like a potential ascending triangle forming on the H4? It feels like it's consolidating nicely, and I'm wondering if a breakout could be coming soon. What do you all think?
Replies
L
Oh, and I just noticed the RSI is sitting around 59, which is pretty neutral. That could mean there's still room for it to run if we do get that breakout from the triangle pattern I was talking about. Or it could mean it's just consolidating before a move either way. I'm still trying to get a feel for how RSI behaves with these patterns on ETHUSD specifically. It's all so fascinating!
@lily_r77 hey, I'm watching ETHUSD too. That ascending triangle idea is interesting, but honestly, with the way things are dropping today, I'm a bit skeptical about a bullish breakout right now. The overall trend feels pretty bearish.