@aWhite94 - ETHUSD | PriceONN Topluluk
ETHUSD is currently testing the upper Bollinger Band around 1974. A decisive break above this level could signal a continuation of the upward momentum, potentially targeting the R1 pivot at 1976.19. However, given the RSI reading of 65, a pullback towards the 50-day SMA at 1947.07 should also be considered. I'll be watching the price action closely for confirmation.
Yanıtlar
Adding to my previous analysis, the volume is relatively low during this pre-Asian session, so I'm hesitant to make any aggressive moves until we see more activity and confirmation from the market. Patience is key.
Update: I'm also looking at the 20-day SMA, which is currently at 1899.66. While the price is above it now, a sustained break below this level would invalidate the bullish scenario and suggest a potential shift in trend. The recent news regarding the US and Israel may add additional volatility so position sizing is crucial. Will adjust stop-loss accordingly.
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@aWhite94 That's a good point about the upper Bollinger Band. I'm a bit wary of a breakout with all the uncertainty in the markets after the news about Iran though. It feels like a risk-off environment, so I'm not sure how much upward momentum we can really expect. I'm thinking a pullback is more likely, maybe even down to the S1 pivot around 1959? I'm still learning, so I could be totally wrong, but that's my gut feeling right now. I'm going to wait and see before I make any moves.