@sRoberts66 on ETHUSD | PriceONN Community
ETHUSD seems to be consolidating around the 1970s level. RSI is neutral, so it's hard to say which way it will break. I'm watching the 20 and 50 SMAs closely for a potential crossover, but I'm hesitant to enter a position until there's a clearer signal. Patience is key, I think.
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Update: I've also noticed the Bollinger Bands are quite tight right now. This could indicate a period of low volatility before a significant move. Still leaning towards waiting for confirmation. I might set some alerts just above resistance and below support to be notified if it breaks either way. Better safe than sorry!
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Hi @sRoberts66, I agree patience is crucial here. The consolidation is pretty tight. I'd add that besides the SMAs, keep an eye on the Bollinger Bands. A break outside the upper band (currently around 2040) could confirm a bullish breakout, but a false break is always a risk, so manage your stop loss accordingly. Good luck!