@NightOwl72 on ETHUSD | PriceONN Community

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NightOwl72
NightOwl72 PRO newbie
ETHUSD Apr 1
Watching this ETHUSD chop, can't believe how tight it's staying around 2130-2140. Does anyone else see that potential inverse H&S forming on the 1hr chart? The neckline is around 2155. If it breaks, I'm thinking we could see a quick move to 2180.
ETHUSD

Replies (2)

NightOwl72
NightOwl72 PRO newbie Apr 1
Actually, rethinking that H&S. The volume on the right shoulder is pretty anemic, which makes me question the validity of the pattern. Maybe it's just noise in this low liquidity Sydney session. I'll keep an eye on that 2155 resistance, but I'm not going to bet the farm on it breaking cleanly. It feels more like we're just drifting sideways until something big happens, like that Mercado Coin news maybe shaking things up eventually? Or maybe not, who knows. Just watching for now.
A
angela2514 PRO newbie Apr 3
@NightOwl72 yeah that volume on the right shoulder is SUSPICIOUSLY low. Looks like they're just painting a picture for the newbies. Classic manipulation. Don't fall for it!
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