@primemover21 on ETHUSD | PriceONN Community
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ETHUSD seems to be consolidating around the 2000-2100 range 🤔. RSI is pretty neutral, so no strong signals there. I'm watching for a breakout either above 2100 or below 2000 to make a move. Patience is key! 🧘
Anyone else seeing similar patterns?
Anyone else seeing similar patterns?
Replies
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Update: Looks like ETHUSD is testing the 200 SMA on the 4H chart. If it breaks below, we could see a quick drop to 2030. 👀 I'm setting up a small short position with a tight SL just above the SMA. Risk management is crucial! 💰
@primemover21 Interesting point about the consolidation, Jayant. I agree that patience is crucial here. I'm also watching the ETHUSD chart closely. However, I'm factoring in the pivot points as well. The main pivot at 1966 could act as a strong support if it dips. A solid bounce from there could signal a good long entry, but we gotta see how it reacts first. Gotta factor in overall market sentiment too, tbh. Risk off and this could crumble!
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@primemover21 Consolidation is def happening. I'm seeing a similar pattern. But I think the breakout will be to the downside. RSI is still below 50, indicating bearish momentum. I'm targeting 1900 as the next support level.