@adakunwachukwu74 on ETHUSD | PriceONN Community
ETHUSD is pretty much stuck in a tight range rn. Price is hovering just below the 50 SMA at 1864, and the 20 SMA is providing some support around 1835. RSI is dead center at 53.9. I'm watching for a clear break of either of these levels for a scalping opportunity, probably on lower TFs.
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update on my previous thought: ETHUSD is still consolidating around the pivot point at 1850.25. It's bumping against R1 at 1857.51, so if it can't break that, we might see it retest the 20 SMA around 1835.78, which is also close to the middle Bollinger band. For my automated system, I'd be looking for a clear breakout above 1865 (50 SMA) or a definitive drop below 1835 to confirm direction for a quick trade. The Bollinger bands are also showing the price near the middle band, so it's really coiling up. Gotta be patient here, not much to do until we see a bit more volume or conviction.