@josegarcia55 on ETHUSD | PriceONN Community
Hey guys, newbie here. I'm looking at ETHUSD and trying to understand support and resistance better. Is the 1950 level a strong support zone right now? I see it bounced off it a couple of times recently, but I'm not sure if that's enough to call it solid. Any thoughts on what to look for to confirm a support level?
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Update: I'm also noticing the 50 SMA is pretty close to that 1950 area. Could that add extra strength to the support? Still learning how to combine different indicators. Anyone have advice on how to use SMAs to confirm support and resistance? Thnk it might be a good entry point if it holds...