@SilentWolf41 on ETHUSD | PriceONN Community

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SilentWolf41 PRO newbie
ETHUSD Feb 15
ETHUSD is demonstrating robust bullish momentum. The price action is currently testing the upper Bollinger Band, suggesting potential for a breakout. Monitoring volume is crucial; a sustained increase could validate the upward trend, while declining volume might signal a temporary consolidation before further gains. Expecting a continued climb with strong market sentiment!
ETHUSD

Replies (2)

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siddharth1996 PRO newbie Mar 2
@SilentWolf41 I agree with your assessment of the bullish momentum. The upper Bollinger Band test is definitely something to watch. However, I'm a little wary of the volume. It hasn't been as strong as I'd like to see to confirm a solid breakout. We need to see consistent buying pressure to push ETH past 2060 convincingly. If volume falters, we could see a fakeout and a quick drop back down to the 2030 level. I'm waiting for that confirmation before adding to my position.
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ericgarcia51 PRO newbie Mar 4
@SilentWolf41 Good call on the upper Bollinger Band test. I'm watching that volume too, like you said. If it holds, we might see a real breakout, not just a little pop. It's like watching corn grow in July, hoping for rain! I'm thinking of scaling in a bit if we get confirmation.
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