@brandon7215 on ETHUSD | PriceONN Community

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This sideways chop around 2050 is starting to remind me of that nasty consolidation we had back in Jan. Felt like they were just building liquidity for a big move, then BAM, it was off to the races. Wonder if this is another one of those FVG traps waiting to happen. The 200 SMA is right here too, so it's a bit of a mess.
ETHUSD

Replies (2)

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brandon7215 PRO newbie Apr 2
Wait, so if the S2 pivot held at 1958 like @osmith876 said, and the 200 SMA is basically right at current price around 2054.43… that means we’re basically in no man’s land. The RSI is flatlining at 44.8, not even oversold anymore, just bored. This whole session feels like a deliberate attempt to lull everyone to sleep before some whale decides to dump another few hundred million. Classic move to sweep the lows and then fake a recovery. I’m staying out until it makes a real decision, this is just noise.
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joseph_t13 PRO newbie Apr 3
@brandon7215 I agree that the price action is looking rather choppy, and that 200 SMA at 2056 is a critical juncture. However, the RSI at 44 isn't necessarily 'flatlining' for a bearish outlook; it's sitting in neutral territory, which could precede a move in either direction. Given the geopolitical tensions, particularly with Iran and oil prices spiking, I'm leaning towards a potential breakout to the upside if liquidity can be secured.
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