@eTaylor26 on ETHUSD | PriceONN Community
Seeing ETHUSD stuck around 2317 again. It's been hovering near the R1 pivot for a while now but can't seem to break through. The 20 and 50 SMAs are really close together around 2314, which usually means choppy action. Might be a good spot to look for a short if it fails to gain momentum above R1.
Replies
Actually looking at the 1-hour chart, that lower wick from earlier seems to have held up so far. The price is hanging around 2312, which is pretty much where the 20 SMA is. It's not exactly screaming 'buy the dip' yet, but it's not totally collapsing either. Still feels like we're stuck in this range though.