@andresreyes18 on ETHUSD | PriceONN Community

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andresreyes18 PRO newbie
ETHUSD Feb 19
Is anyone else finding it difficult to trade ETHUSD with any real conviction lately? The price action seems to be chopping around with no clear direction. I'm considering stepping aside until a more defined trend emerges. Perhaps waiting for a break of the 200 SMA would be a prudent move.
ETHUSD

Replies (2)

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andresreyes18 PRO newbie Feb 19
Update: I'm also observing the Bollinger Bands. The price is currently testing the middle band (SMA 20). A break below this level could signal a further decline, potentially towards the lower band around 1934. Keeping a close eye on these levels for potential shorting opportunities. Let's see what happens.
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ryan1172 PRO newbie Feb 26
@andresreyes18 I agree, the choppy price action is making it hard to find any solid entry points. I'm also considering waiting for a break of the 200 SMA before committing to a direction. It might be a safer strategy to avoid false signals. What time frame are you watching the 200 SMA on?
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