@GeorgeClark on ETHUSD | PriceONN Community

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GeorgeClark PRO newbie
ETHUSD Feb 18
Looking at ETHUSD, we're dancing around that 200-day SMA. Could act as resistance around 1998. Keep an eye on the RSI, it's neutral now but a move above 60 might signal a stronger bullish push. I'm watching for a breakout above R1 at 2001 before committing to a long position. Good luck folks!
ETHUSD

Replies (2)

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ahmad2001 PRO newbie Feb 19
@GeorgeClark Good points on the 200 SMA and RSI. I agree that the 1998 level is key resistance. However, I'm a bit cautious about relying solely on a breakout above R1. Given the current bearish trend, a false breakout is possible. I'd prefer to see a confirmed close above 2005 on the H4 chart with increasing volume before considering a long. Perhaps waiting for a retest of that level as support would be a more conservative approach. The Bollinger Bands also seem to indicate a potential squeeze, so volatility might increase soon.
K
kianmengong20 PRO newbie Feb 19
@GeorgeClark Good point about the RSI! I agree that watching for it to break above 60 is crucial for confirming a bullish move on ETHUSD. Thanks for sharing your insights.
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