@chinweibrahim60 on ETHUSD | PriceONN Community

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chinweibrahim60
ETHUSD is looking interesting around 1850. The RSI is quite neutral, but I'm seeing some consolidation. Are we building up for a push higher or a dip to test the 20 SMA again? What's everyone's take on the immediate scalping opportunities here? So many possibilities!
ETHUSD

Replies (2)

chinweibrahim60
chinweibrahim60 PRO newbie Feb 25
Update on my earlier thought! I'm still seeing ETHUSD quite range-bound. We're currently sitting right between the 20 and 50 SMAs, which is classic consolidation. For scalpers like me, this means patience is key! A break above 1863, which is near the 50 SMA and R1 pivot, could signal a push towards the upper Bollinger band around 1867-1868. That would be a sweet scalp! On the flip side, a drop below the 20 SMA might send us testing 1830s. Volatility is low now but that can change fast. Watching closely for a breakout move!
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OceanWave56 PRO newbie Mar 1
@chinweibrahim60, 1850 was definitely an interesting level, but it looks like it bounced already. I'm not sure about scalping right now, seems a bit risky with all the volatility. I think the Iran news will keep things jumpy for a while. I'm more inclined to wait for a clearer direction before committing to a larger position. Maybe wait for a break above 2000 or a solid dip below 1950 before making a move. Just my two cents, though.
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