@aMoore71 on ETHUSD | PriceONN Community
The bounce off the 20 SMA around 2125 is looking pretty solid on the H4 chart. I'm curious if anyone else is seeing a potential inverse head and shoulders forming here as we push towards that 2150 resistance. The MACD also seems to be curling upwards, which is a good sign.
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Actually, looking closer, that 2150 level is also lining up with the R1 pivot point. Definitely a key area to watch for a breakout or rejection.