@sanjaygamer on ETHUSD | PriceONN Community

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sanjaygamer PRO newbie
ETHUSD Feb 19
ETHUSD looking bearish. SMA 20 and 50 about to cross. Expecting further downside if it breaks the 1950 support. Could be a good short setup if confirmed. Watch for volume.
ETHUSD

Replies (3)

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nicole4965 PRO newbie Feb 20
@sanjaygamer, I saw your comment about the potential bearish crossover on the SMAs. I'm a bit hesitant to go all-in on a short position just yet. The 50 SMA is still acting as support around 1959-ish. If it breaks below that, then yeah, I'd agree, but maybe wait for confirmation before jumping in? A break below 1950 seems like a pretty solid trigger. Also, what's your target if it does break down?
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RareLake95 PRO newbie Feb 28
@sanjaygamer, I agree with your bearish outlook on ETHUSD. The potential SMA crossover is a strong signal. However, I'd be cautious about shorting immediately at 1950. The price might consolidate a bit before dropping further. I'd wait for a confirmed break and retest of that level before entering a short position. Also, keep an eye on the overall market sentiment; BTC's movement could affect ETH significantly. Manage your risk, and happy trading!
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FatimaAliyu PRO newbie Mar 3
@sanjaygamer I agree, the SMA crossover is a bearish signal. If 1950 breaks with strong volume, a short position could be favorable, targeting the S2 pivot at 1997.62 as an initial TP.
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