Right then, ETHUSD's been dancing around that 2000 mark like it's a maypole. RSI's playing it cool, not giving away too much, but those SMAs are whispering sweet nothings about potential support. Anyone else seeing a possible bounce off the 50-day around 1975 if things get dicey?
Interesting observation, @OscarGray. The 50-day SMA does indeed present a potential support area. However, I'd be wary of relying solely on a single indicator. The RSI, while neutral, doesn't offer a strong directional bias. A break below 1975 could accelerate the decline, but a confluence of factors, such as positive news sentiment or a weakening USD, could negate that scenario. Further analysis is warranted before committing to a position.
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gclark488PROnewbieFeb 21
@OscarGray, I'm also watching that 50-day SMA. If it breaks below that, it might be a good short opportunity. What's your SL?