@nthompson398 on ETHUSD | PriceONN Community
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This sharp drop on ETHUSD is making me nervous. It looks like a big bearish engulfing candle forming on the hourly chart right now. Usually, that means the momentum is shifting downwards. I was hoping it would bounce off that 2070 level, but this candle is really concerning. Anyone else seeing this pattern?
Replies
Hi @nthompson398, yeah I saw that big red candle forming too! 😱 It looked pretty scary, almost like it was saying 'sell everything now!' I'm new to all this, so I don't really know what a bearish engulfing means for sure, but it definitely doesn't look good for ETHUSD right now. I'm just watching and hoping it doesn't drop much further. Do you think it will actually go below 2070? That seems so far away from where it is now!