@jthomas505 on ETHUSD | PriceONN Community

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jthomas505 PRO newbie
ETHUSD Mar 1
Is anyone else seeing a potential ascending triangle forming on the ETHUSD chart right now? 🤔 I'm trying to figure out if this current push above 2000 is the real deal or just a fakeout before another dip. What price level needs to be broken for confirmation, like 2050? Just started using this pattern so still learning.
ETHUSD

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J
jthomas505 PRO newbie Mar 1
Update: Okay, so after looking at it more closely, the volume isn't really supporting the breakout. 😩 It's kinda weak, which makes me think it's more likely a fakeout. I'm also noticing the Bollinger Bands are getting pretty tight, so a big move is probably coming soon. I'm thinking of setting a short order around 2030 with a tight stop loss, just in case it does decide to break upwards. Anyone else trading the Bollinger squeeze? I'm also nervous about that Iran news, is that priced in already?
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