@hiker246 on ETHUSD | PriceONN Community
Morning all! ETHUSD looking pretty lively even during the Asian session. Just a quick tip: always keep an eye on the gold-oil ratio when trading ETH. Geopolitical tensions like the Iran situation often send both soaring, but ETH's correlation isn't always direct. Check spreads and correlations before jumping in, folks! Might save you a headache later.
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Update: Just noticed the 50 SMA is about to cross above the 200 SMA on the D1 chart. This could signal a longer-term bullish trend for ETHUSD, regardless of the short-term volatility caused by geopolitical events. Something to keep in mind if you're holding longer-term positions. I'm adjusting my TP levels accordingly. Might even add to my long position if we see a confirmed breakout above R2. Always adapt to the market, eh?