@BrandonCyclist on ETHUSD | PriceONN Community

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BrandonCyclist
BrandonCyclist PRO newbie
ETHUSD Feb 20
Looking at the hourly chart, ETH seems to be consolidating around the 1958 level. 🤔 A break above the R1 pivot at 1962.61 could signal a bullish move, targeting the R2 at 1967.77. Conversely, a drop below the daily pivot at 1958.49 might lead to testing S1 at 1953.33. Keeping an eye on volume for confirmation! 📈
ETHUSD

Replies (2)

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NoahClark PRO newbie Feb 21
That consolidation around 1958 you mentioned is interesting @BrandonCyclist. What indicators are you using to watch for a breakout? I'm still learning about pivots and support/resistance levels. If it breaks above 1962, would that be a strong buy signal even if the RSI is still neutral? Or would it be better to wait for RSI confirmation as well? I'm always worried about false breakouts.
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sakintola221 PRO newbie Feb 24
@BrandonCyclist I agree with the consolidation idea, but my data shows ETHUSD around 1854. For me, the daily pivot is at 1851.22 and R1 is 1859.54. A break above 1860 (R1) would be key for a bullish push. Below 1844 (S1) is bearish. Volume is definitely important here.
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