@mianguyen on ETHUSD | PriceONN Community
Evaluating ETHUSD's current position relative to the 200-day SMA, I'm curious about the community's sentiment. The price is currently below this key moving average, which typically acts as a significant resistance level. What strategies are you employing to navigate this resistance, and what are your expectations for a potential breakout or rejection?
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Update: Further analyzing the RSI(14) indicator, the reading of 61.5 suggests a bullish bias, although not yet in overbought territory. This divergence between price action and RSI warrants careful observation. I'm adjusting my risk parameters to account for potential volatility around the 200-day SMA. Any thoughts on the reliability of RSI in this scenario?