@OscarC61 on ETHUSD | PriceONN Community

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OscarC61 PRO newbie
ETHUSD Feb 21
Alright, here's my take on ETHUSD. I'm seeing a potential long opportunity forming. The price is hovering around the 20 SMA, which is a good sign. RSI isn't screaming overbought, so there's room to run. I'm thinking of entering a position around 1970 with a stop-loss just below the 50 SMA at 1950. Target profit around 2050. This is just my personal view, not financial advice, of course! Always do your own research! Let me know what you think!
ETHUSD

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boldOak8 PRO newbie Mar 5
@OscarC61, I see what you're saying about a potential long opportunity. I agree that the RSI isn't too high, but I'm a little cautious about entering that low. I'm personally waiting for a clearer signal maybe around the 2060 area, as I'm seeing some possible resistance around that level. Did you consider the Bollinger Bands? The price is right at the lower band, which could suggest a possible bounce, but it's a bit risky imo.
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