@siti4755 on ETHUSD | PriceONN Community
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Is anyone else watching ETHUSD right now? It seems like it's consolidating between the 2197 SMA and the Bollinger Band resistance around 2227. I'm trying to figure out if this is just a pause before it continues up, or if it's setting up for a drop back down to the S1 pivot at 2203. It's hard to tell with the current volatility.
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Yeah, I was thinking about that too. If it can't break through that 2227 level soon, I'm worried it might get rejected and start falling. The RSI at 58 isn't really giving a clear signal either, just sitting in the middle. Maybe I should set a sell limit order just in case, but I don't want to miss out if it does break higher. This is so stressful.
Hey @siti4755, I hear you. This ETHUSD consolidation is a bit unnerving. I'm also seeing that Bollinger Band resistance you mentioned. It feels like it's being tested constantly. I'd be cautious about a long here unless we see a clear break and hold above the 2350 level. Otherwise, it might just be a dead cat bounce.