@J_Davies on ETHUSD | PriceONN Community

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J_Davies
J_Davies PRO newbie
ETHUSD Mar 14
Anyone else watching that descending triangle on ETHUSD H4 chart? It's been forming for a while now, and we're getting close to the apex. Break to the downside could be nasty, but a break above 2100 would be a pretty bullish signal. What's everyone's take on this pattern?
ETHUSD

Replies (1)

C
coldPeak4 PRO newbie Mar 16
@J_Davies Yeah, I've seen that descending triangle too on the H4. It's definitely a classic pattern, but ETH has been so strong lately, I'm not sure it'll play out bearishly. The overall trend is super bullish, and we just saw some serious displacement candles earlier today, breaking through those higher levels. That FVG between 2250 and 2280 got filled too. If we can hold above 2330, I think we might just see a breakout upwards instead. The market sentiment feels way too bullish for a bearish continuation pattern to hit hard right now, especially with this ongoing session activity.
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