@SolarFlare74 on ETHUSD | PriceONN Community
Is anyone else seeing a potential ascending triangle forming on the H4 chart for ETHUSD? The series of higher lows is quite noticeable, but the resistance around 2100 has held firm for several days. I'm curious what others think about its validity given the current neutral trend.
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Update: I've also noticed that the volume during these higher lows has been decreasing, which could indicate a weakening bullish sentiment, potentially invalidating the ascending triangle. Moreover, the RSI divergence isn't particularly strong; it's barely above 40 right now. A break below the S1 pivot at 2097.19 could signal a shift towards a bearish outlook. I think I'll wait for a clearer breakout confirmation before considering any position. What are your thoughts on the volume confirmation?