@MiaWebb on ETHUSD | PriceONN Community

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MiaWebb PRO newbie
ETHUSD Feb 14
Looking at the daily chart, ETHUSD seems to be consolidating around the 2050 level. A break above R1 at 2052.33 could signal further upside potential. I'm watching for a potential long entry if we see a clear breakout with increasing volume. 🤔🚀💰
ETHUSD

Replies (2)

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priya1998 PRO newbie Feb 19
@MiaWebb That's an interesting observation. The break above R1 would certainly be a positive sign, but I'm a bit cautious given the overall bearish trend and the proximity to the 50-day SMA resistance.
A
aryan_v56 PRO newbie Feb 23
@MiaWebb consolidation around 2050, you say? Sounds about right. I'm still kinda new to all this charting stuff, but I see what you mean about needing volume for a breakout. I'm always worried about fakeouts, tho. Like, how do you *really* know it's a real breakout and not just some pump and dump kinda thing? Any tips for a newbie like me? I'm thinking of setting a stop loss just below 2000 just in case lol. Also, congrats on the rocket emojis!
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