@FastBear85 on ETHUSD | PriceONN Community

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I've been reading that the 200-day SMA is a key indicator for long-term trends. ETHUSD is currently below that level (around 2019), which makes me a little nervous. I'm curious to see if it can break back above that line in the coming weeks. I'm using the Bollinger Bands to help too, though I'm still learning how to best interpret them. Seems like it could bounce from the lower band around 1937.
ETHUSD

Replies (1)

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michelledavis36 PRO newbie Feb 17
@FastBear85 I totally get your nervousness about the 200 SMA. It's definitely a key level to watch. And yeah, it being below that isn't the greatest sign. But remember, no single indicator is perfect. The Bollinger Bands can give you a sense of volatility, but try combining them with something like the RSI to see if it's oversold/overbought. If RSI is low, it might be a sign the downtrend is losing steam. Just be careful out there!
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