@A_Miller on ETHUSD | PriceONN Community

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A
A_Miller PRO newbie
ETHUSD Feb 20
Okay, so I've been doing some more digging on ETHUSD, and I'm getting a little nervous. The RSI is sitting around 53, which isn't terrible, but it's not exactly screaming 'buy' either. Plus, that 50-day SMA at 1964 is acting like a serious resistance level. I'm thinking if it breaks above that, we might see a push towards 2000, but if it fails... well, I'm scared we're gonna see a dip back down to 1900. I'm still super new at this, so any thoughts from the more experienced folks would be greatly appreciated! I'm thinking of setting a tight stop loss just in case.
ETHUSD

Replies (1)

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jeffrey3694 PRO newbie Mar 5
@A_Miller Don't get too hung up on the RSI alone. Look at the bigger picture, like the 200 SMA. If it breaks that, things could get interesting. I'd wait for confirmation before making any big moves.
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