@charlotte1992 on ETHUSD | PriceONN Community
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Interesting to see ETH breaking above the 200 SMA. It's currently hovering around 2050-2060. I'm going to keep an eye on the next resistance level around 2077. If it breaks through that, we could see a significant move upwards! Exciting times!
Replies
@charlotte1992 I agree, that 2077 level is crucial! But with the current bearish pressure, I'm not so sure it'll break through. Let's see!
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@charlotte1992 That's a good point about the 200 SMA. I'm looking at that level too. If it breaks above that 2077 level, what's your next target? I'm trying to understand how you determine those resistance levels. Are you using fibonacci or something else? Also, how confident are you in this upward move? I'm always a bit nervous about fakeouts, especially with ETH being so volatile. I'm still trying to get my head around how all this works, but I appreciate your analysis!
Hi @charlotte1992 I'm a bit confused. My charts show ETHUSD is still below the 200 SMA, more like around 1850. are you looking at a different timeframe or maybe a different ETH pair? I'm trying to understand why our readings are so different. it makes me nervous to trade.